The British Pound (GBP) managed to regain ground this week, primarily driven by an overall improvement in risk sentiment. This recovery came as a relief, with the Cable benefiting significantly from the improved risk appetite. The halt in protests over the US Dollar Index and stalled discussions regarding US Treasury yields have played a crucial role in supporting GBP/USD, helping it maintain a position above the 122,000 mark. This resurgence indicates a delicate balance between global risk factors and market confidence, making it an interesting period for traders closely watching the GBP's movements.
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122.378
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4h
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GBP/USD is at this trading level 1.22025
