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GBP/USD Slips But Remains Well Bid On Interest Rate Bets

January 19, 2023

Via: DailyFX

Sterling bulls still have December’s six-month highs against the United States Dollar firmly in their sights on Thursday, but a London morning of scant domestic economic news may be hampering their will to try it again in the near term.

That said the Pound remains underpinned by the thesis that interest rates still have further, and possibly much further, to rise in the United Kingdom. Meanwhile, Dollar demand is being broadly sapped as markets start to suspect that the Federal Reserve may have done almost enough in that direction to head off its own inflationary problems.

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