Inflationary pressures in the UK intensify, coupled with tensions of Russia-Ukraine, how would the GBPUSD react today?
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The United States has raised interest rates twice in a row recently, but the CPI in the United Kingdom still hit a 30-year high of 5.5% in January, and the market’s expectations for another rate hike in the United Kingdom have increased, boosting the pound, which has also risen for the third day in a row. However, with the news that Ukraine opened fire to the disputed area in eastern Ukraine yesterday, the dollar rose, so it is expected that the GBPUSD will remain sideways in the short term, but the market outlook is still bullish.
The trend of the GBPUSD can be paid attention to today’s…
15:00 UK Retail Sales Monthly Rate(JAN)
23:00 Monthly Rate of Leading Indicators Of The U.S. Conference Board(JAN)
23:45 Fed Governor Waller Speaks
Recent Formal Developments in Russian-Ukrainian Relations
Which will influence the trend of GBPUSD, investors must grasp the timing of placing orders.
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