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GBP/USD falls amid Powell’s comments, strong US PMIs

From fxstreet.com

The GBP/USD tumbles in the mid-North American session trade with losses of 0.74% and exchanges hands at 1.2535. Factors like last Friday's US economic data and over-the-weekend comments of Federal Reserve Chair Jerome Powell keep the US Dollar bid amid a risk-off impulse. Jerome Powell commented in an interview that it is premature to consider cutting rates, highlighting that the objective of driving inflation toward its 2% goal has not been fully fulfilled. Nevertheless, he left the door open to begin easing policy toward the year's first half. Last week the January Nonfarm Payrolls report revealed an addition of ... (full story)

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  • Category: Technical Analysis