GBP/USD Trades with Mild Gains Above 1.2700 Amid Focus on US PCE Data
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#15296a3b ver:0.61

GBP/USD trades with mild gains above 1.2700 as the US Dollar weakens. US Q1 growth slightly lower, reducing expectations of a BoE rate cut. GBP supported by slower UK CPI easing. Investors monitor US Core PCE data. Fed officials emphasize higher borrowing costs for longer. Expectation of BoE rate cut in August may weigh on GBP. Bets on June rate cut reduced due to slower UK price pressures. #GBPUSD #USDollar #BoE #Fed #inflation...

#newstr #Gbp/usd #UsDollar #UsCorePce #BankOfEngland #Cpi #UsEconomy #FederalReserve #InterestRate #Inflation 

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