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Pound Sterling Price News and Forecast: GBP/USD rebounds on soft CPI, boosting Fed cut bets

GBP/USD rebounds on soft CPI, boosting Fed cut bets The Pound Sterling (GBP) recovered from Monday’s losses and climbed over 0.35% against the US Dollar (USD) after the latest inflation report in the United States (US) kept traders’ hopes high for further easing by the Federal Reserve (Fed). GBP/USD trades at 1.3226 after bouncing off a daily low of 1.3165. Read …

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USD/CHF retraces to key support amid softer US CPI data

USD/CHF tests round-level support at 0.8400 after softer-than-expected US CPI data for April. The US Dollar Index (DXY) retraces to 101.30, pressured by cooling inflation and fading trade optimism. Swiss Franc remains firm against major peers, supported by a cautious market tone. The USD/CHF pair retraces towards the critical round-level support of 0.8400 during the …

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US President Trump: There will be a redistribution of costs with other countries

United States (US) President Donald Trump hit the airwaves with a fresh round of commentary on a wide range of subjects on Tuesday. President Trump reiterated his intentions to treat trade balance as an imbalance that needs to be rectified in order for a country to reach maximum profitability, and also repeated his intentions to …

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