Societe Generale suggests that although long positions are extended, a move towards 1.30 in GBP/USD may gain momentum based on the outcome of Wednesday’s CPI data.
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GBP/USD pauses after a 1.95% gain last week. Economists at Société Générale analyze GBP outlook ahead of the UK Consumer Price Index (CPI) data and the Bank of England (BoE) meeting this week.
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