GBP/USD Trades with Mild Gains Above 1.2700 Amid Focus on US PCE Data
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#15296a3b ver:0.6

GBP/USD trades with mild gains above 1.2700 as the US Dollar weakens. US Q1 growth slightly lower at 1.3%, reducing expectations of a BoE rate cut in June. UK CPI eases slower than estimated. Investors await US Core PCE data for April. Fed officials emphasize higher borrowing costs to address inflation. Expectation of BoE rate cut in August may weigh on Pound Sterling. Bets on rate cut in June reduced due to slower easing of price pressures in the UK. #GBPUSD #USDollar #BoE #inflation...

#newstr #Gbp/usd #UsPceData #UsEconomy #BankOfEngland #Inflation #InterestRate #Cpi 

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