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GBP/USD analysis: Currency Pair of the Week – January 15, 2024

From forex.com

Thanks to the Martin Luther King Day holiday, FX markets were quiet-ish on Monday without the participation of US banks. But things should start to pick up from Tuesday onwards. We are going to have some potentially market-moving macro data from around the world to look forward to later this week. Among these macro pointers, we will have some important UK data too, including CPI, wages and retail sales, making the GBP/USD the currency pair of the week. GBP/USD analysis: What’s next for the pound? Concerns over the UK economy have mostly been ignored by FX traders. They have been happy to buy the GBP dips against all ... (full story)

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  • Category: Technical Analysis