Both the US Federal Reserve and the Bank of England have hiked rates over the last year, keeping the interest rate differential between the two currencies roughly equal.
Going forward this may change with the Fed likely to pause before starting to cut rates later this year while the BoE may have another
hike before they pause.
While the rate differential between the two currencies may not widen dramatically, sentiment may underpin GBP/USD.
Closed all scalping position
Expecting trading sideways until Friday.
I come from the future.
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