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GBP/USD Overview. September 23. It's the Fed's Fault
The GBP/USD pair on Tuesday again
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The GBP/USD pair on Tuesday again showed no notable price action. The first half of the day offered some hope: the pair briefly dropped about 60 pips, but traders could not extend the move lower through the day. Why did sterling fall again and the US dollar rally once more?Right now the FX market is in a situation where explanations for the dollar's fresh rise must either be invented or blamed on the Federal Reserve. On Monday and Tuesday, several
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Paolo Greco,
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