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Back Fundamental analysis
GBP/USD Review. April 29. In Anticipation of the FOMC Meeting
The GBP/USD currency pair showed a
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The GBP/USD currency pair showed a fairly confident rise during the day on Tuesday, and the most important question for traders now is, "Why did the dollar strengthen a day before the FOMC meeting?" In our view, the answer lies within the question itself. The market anticipates that the FOMC may tweak its monetary policy stance towards a more "hawkish" position. We believe there is no basis for this assumption, and we will detail why in this article. However, it
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Paolo Greco,
Analytical expert of InstaForex
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