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Back Fundamental analysis
GBP/USD. October 15. Bank of England: Don't Expect Four Rounds of Tightening
The GBP/USD currency pair tried to
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The GBP/USD currency pair tried to extend its rise on the third trading day of the week but ultimately collapsed. The pound traded within a local sideways channel for 2.5 weeks, but after the US inflation report, traders resumed selling, triggering a new drop. Sideways channels remain visible on the daily and weekly timeframes.We have repeatedly drawn traders' attention to the fact that the market is behaving as if the Federal Reserve raises the policy rate at every meeting, while
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Paolo Greco,
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