$GBPUSD Forecast: Bearish bias stays intact with 1.1800 in sight by eren_fxstreet forex trading
raising its policy rate by a total of 175 bps by the end of the year. Although this market development helps the British pound stay resilient against the dollar, for the time being, the souring market mood could put additional weight on GBP/USD's shoulders in the American session. As of writing, USindex futures were down between 1.1% and 1.2%, suggesting that the dollar could capitalize on safe-haven flows in the second half of the day.
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