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Near-term outlook remains bullish despite mixed UK data

Summary by bipns.com

GBP/USD climbed to its highest level in two months above 1.2650 on Friday. Mixed macroeconomic data releases from the UK limit the pair’s upside. The US economic calendar will feature preliminary PMI reports for February. GBP/USD corrects lower and trades near the 1.2650 area in the European session on Friday, after having set a new two-month high at 1.2678 earlier in the day. Despite the recent pullback, the pair’s technical outlook suggests th…

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Near-term outlook remains bullish despite mixed UK data

GBP/USD climbed to its highest level in two months above 1.2650 on Friday. Mixed macroeconomic data releases from the UK limit the pair’s upside. The US economic calendar will feature preliminary PMI reports for February. GBP/USD corrects lower and trades near the 1.2650 area in the European session on Friday, after having set a new two-month high at 1.2678 earlier in the day. Despite the recent pullback, the pair’s technical outlook suggests th…

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bipns.com broke the news in 2 days ago on Friday, February 21, 2025.

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