Hello friends! GBP/USD is trying to recover from the previous day's losses, hovering around 1.2410. This currency pair is under downward pressure following better-than-expected economic data from the United States (US). However, the CME FedWatch Tool has reduced to 35% the likelihood that the US Federal Reserve (Fed) will implement a 25 basis point (bps) interest rate hike in November, which puts further pressure on GBP/USD.
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good luck
