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GBP/USD: Bullish Above the Double-Top Point at 1.2733
The GBP/USD exchange rate is holding steady near its highest point since August as the US dollar retreat continued. The pair soared to a high of 1.1271 on Monday morning, a few pips below last week’s high of 1.2733. It has jumped by more than 5.50% from the lowest point in October. Hawkish Jerome Powell's statement The GBP/USD pair continued its bullish trend even after the hawkish statement by Jerome Powell. In a speech, he noted that the bank was achieving its goal of achieving a soft landing in the US. There are signs that this landing is happening as inflation has dropped from last year’s high of 9.1% to ... (full story)