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GBP/USD Up, Below Recent Highs As Markets Look To Fed

June 12, 2023

Via: DailyFX

The British Pound made gains on the United States Dollar on Monday as a week packed with central-bank interest-rate decisions kicked off.

We’ll hear from the European Central Bank and the Bank of Japan but, of course, the US Federal Reserve’s call will be the most important. That’s due on Wednesday with markets betting we’re going to see the first pause in rate hikes in eleven meetings of the Federal Open Market Committee.

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