$GBPUSD Forex Signal: To Retest 1.2676 Before Resuming the Uptrend
The pair, which peaked at 1.2841 on Friday, pulled back slightly to a low of 1.2780. It remains over 20% above the lowest level in 2022.The GBP/USD pair rose last week as the US published its inflation data and after the Federal Reserve delivered its interest rate decision. The data revealed that the country’s consumer inflation dropped to 4.0% in May while coreMeanwhile, the Federal Reserve did what most analysts were expecting as it left interest rates unchanged between 5.0% and 5.25%.
Like in most developed countries, analysts believe that the country’s inflation drifted downwards in May, helped by lower energy prices.
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