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GBP/JPY Price Analysis: Keeps channel breakdown below 150 00 ahead of UK Retail Sales, PMIs

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Forex Today: Taxes scare stocks and cryptos, dollar retreats from highs ahead of PMIs

4/23/2021 5:47:05 AM GMT | By Yohay Elam Here is what you need to know on Friday, April 23:  Stock markets are on the back foot amid concerns of higher US capital tax increases and rising covid cases in Asian countries. Cryptocurrencies are suffering an extended sell-off. PMIs from Europe, the UK and the US stand out.  The White House is mulling a substantial hike to capital tax gains for high-earners, in an attempt to fund social programs. Passing such legislation would fulfill campaign promises but the news caught markets wrong-footed, with the S&P 500 falling on Thursday the most since March. Global equities are trying to recover on Friday.

GBP/USD unverändert um 1,3860, britischen Einzelhandelsumsätze im März mit 5,4% besser als erwartet

GBP/USD unverändert um 1,3860, britischen Einzelhandelsumsätze im März mit 5,4% besser als erwartet
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GBP/USD: Bears back in town, but an upside correction is on the cards

Apr 22, 2021 20:16 GMTFXStreet News GBP is under pressure on Thursday and has run through stops to test a 50% mean reversion of prior bullish impulse.  US dollar firm on stabilising US yields, traders hitting the bid on Wall Street and positive growth outlook and job creation prospects. At the time of writing, GBP/USD is down 0.64% to 1.3835. Cable fell on Thursday from a high of 1.3949 to a low of 1.3826 printed at the start of the North American session.  The move, however, started in Europe when the pound fell across the board. The move was a bit of a head-scratcher as there was little in the way of domestic fundamental news to move the price.

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