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GBP/USD steady ahead of BOE, Brexit, UK-Japan, and UK-US trade talks
The British pound enters August being in the offensive. The GBP/USD pair spiked by more than 5.5% in July, its best month in more than a decade. The British pound index, on the other hand, rose by more than 5%. The biggest pound-related news this week will be on the BOE interest rate decision that will happen on Thursday. This meeting comes at a time when the number of coronavirus cases in the UK has been falling. It also comes at a time when economic data from the country has been relatively strong. The house price index, mortgage data, retail sales, inflation, and PMIs have beaten analysts forecasts. The meeting ... (full story)
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