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GBP/USD slides after failing to reclaim 1.3100 amidst Fed-BoE speaking
The British pound fell short of testing the 1.3100 mark, which left it vulnerable to selling pressure; consequently, the GBP/USD prices declined to the daily low at 1.3022. At the time of writing, the GBP/USD is trading at 1.3043, down some 0.18%. European and US equities are trading with gains, while US Treasury yields rise. The greenback remains underpinned by the latter, as shown by the US Dollar Index, up some 0.22%, sitting at 100.571. Some central bank speaking is dominating newswires. Of late, Fed Chief Jerome Powell said that moving a little quicker is appropriate, and a 50bps hike will be on the table for ... (full story)