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Page 13 - யோஹே ஏழாம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

GBP/USD: Fundamentals point to cable paring some of its gains

5/28/2021 9:28:31 AM GMT | By FXStreet Insights Team GBP/USD is trading close to 1.42 as the pound has been benefiting from hints of a Bank of England rate hike. Notwithstanding, FXStreet’s Analyst Yohay Elam explains why BoE’s bullishness is set to be insufficient to stop the dollar. Data-driven dollar strength and end-of-month flows may tilt the balance toward the dollar “According to the New York Times, US President Joe Biden will unveil a large $6 trillion budget – on top of his ambitious infrastructure plans. The news sent investors away from US debt, lifting Treasury yields and making the dollar more attractive.” 

When is the US PCE inflation data and how could it affect EUR/USD?

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