GBP/USD projected to trade lower this week due to US inflation, Fed rates, and approaching US election.
The GBP/USD is projected to trade lower this week, starting around 1.30640, influenced by U.S. economic data and interest rate outlooks. Recent U.S. inflation showed a slight rise, while the Fed maintains high rates. Upcoming interest rate decisions from the Bank of England and the Fed could create volatility, especially with the U.S. election approaching. Support levels will be critical, as the pair may struggle to stay above 1.30000.
October 13, 2024
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