The Secret Behind GBP/USD Price Swings Explained
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YouTubeMerlion FX Global
The Secret Behind GBP/USD Price Swings Explained
Ever wondered what makes the British Pound (GBP) dance against the US Dollar (USD)? In this quick guide, we break down the key drivers of the GBP/USD forex pair, also known as 'The Cable'. We cover: 🏦 The Bank of England's interest rate decisions. 📈 How UK economic data like inflation and GDP impact the price. 🦅 The Federal Reserve's ...
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This serves as a trading illustration involving a short selling position on the GBP/USD currency pair, observed within the 1-hour timeframe, derived from a trading opportunity that has arisen during the current week. Commencing our analysis, it becomes apparent that this particular currency pair adheres to a bearish market structure, characterised by the formation of consecutively lower highs, subsequently followed by lower lows. Our trading bias inherently leans toward the bearish end of the sp
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