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Forex

GBP/USD Poised for Breakout Ahead of Fed and BoE Decisions

Guavy AI Editorial Team
Instruments
USD GBP
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The British Pound is poised for a breakout against the US Dollar ahead of key interest rate decisions from the Federal Reserve and the Bank of England, according to technical analysis.

CFDs are complex instruments that come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with StoneX Financial Ltd (trading as “StoneX Trading”).

The GBP/USD exchange rate has been experiencing increased volatility in recent days, with prices rising above the $1.33 level.

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