• GBP/USD Analysis: Potential for Strength Despite Recent Rate Cut

    Source: Buzz FX / 05 Aug 2024 06:41:09   America/New_York


    Last week, the Bank of England (BoE) cut interest rates by 25 basis points, causing the GBP/USD to initially drop to around 1.27. However, following unexpectedly weak US non-farm payroll data, the pair rebounded, closing at 1.2801 on Friday
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