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via fxstreet.comMarkets

GBP/USD Price Forecast: Holds a bullish bias above key support ahead of BoE decision

FROM THE WIRE · FXSTREET.COM

The GBP/USD pair trades in positive territory near 1.3490 during the early European trading hours on Thursday. The US Dollar (USD) softens against the British Pound (GBP) after the Democrats take control of the US Congress in midterm elections.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe pending Bank of England decision and a softer dollar after the US midterm elections can move sterling.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The GBP/USD pair trades in positive territory near 1.3490 during early European trading on Thursday.
  2. 02The US dollar softens against the British pound after Democrats take control of the US Congress in midterm elections.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
UK Pound Sterling/US Dollar FX Spot RateGBPUSDFX pair1.34910.00%today +0.15%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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