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NZD/USD goes into consolidation, clings to modest gains above 0 7000
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US CPI Preview: Forecasts from eight major banks, off the highs but still off the chart
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NZD/USD continues to move sideways above 0 7100 ahead of US inflation data
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GBP/USD to climb on bullish technical picture and BoE dissenters
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GBP/USD needs an impulse from moderate US figures and dovish Fed comments to continue advancingNEWS |
8/4/2021 9:39:08 AM GMT | By FXStreet Insights Team
GBP/USD has been making its way higher after retreating from the peak earlier on as UK covid cases continue falling. Attack on 1.40 coming? Upbeat UK data supports gains, in the view of FXStreet’s Analyst Yohay Elam.
Cable trend is positive
“UK COVID-19 cases have extended their decline, and seem to be on the verge of breaking below the 20,000 infections/day barrier. Despite the increase in deaths from the deadly disease, it seems that Britain s reopening had little effect on spreading the virus.”