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GBP/USD Outlook: UK PMI Highlights Rising Price Pressures
Business activity in the UK stalled in December. Prices charged by UK companies accelerated at the fastest rate in nine months. Traders are almost fully pricing a 25-bps Fed rate cut this week. The GBP/USD outlook shows a recovery from Friday’s lows after UK PMI data revealed accelerating price pressures. However, the long-term outlook for...
EUR/USD Forecast: Euro Sinks on Dovish ECB Remarks
The euro dropped on Monday due to dovish comments from a top ECB official. Eurozone business activity improved in December. The dollar extended its gains as markets anticipated a more cautious Fed. The EUR/USD forecast shows a surge in European Central Bank rate cut bets after dovish policymaker remarks. Meanwhile, PMI data showed a slight...
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Will the prices go up or down in 2021? Opinion and Analysis by Crypto Experts
