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globalreutersAugust 1, 20241 Mins read
GBPUSD backslides after BoE rate cut with NFP looming ahead
globalreutersAugust 1, 20241 Mins read GBP/USD found a new hole in the floor on Thursday, declining towards the 1.2700 handle after fresh recession fears off the back of a miss in US Purchasing Managers Index (PMI) figures that mixed poorly with easing Pound Sterling flows after the Bank of England (BoE) delivered a broadly-expected quarter-point rate trim.
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