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Back Fundamental analysis
GBP/USD: The Pound Rises Amid Weak Data
The past week delivered a mix
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The past week delivered a mix of conflicting signals for the British pound. The labor market is weakening, inflation is accelerating, and retail sales are disappointing—seemingly a recipe for currency pressure. However, the pound not only held its ground but also reached six-month highs against the dollar. This paradox can be explained: the movement was driven not by the pound itself, but by the dollar.Labor market data remains the weak link in the British economy. The employment index in August
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Kuvat Raharjo,
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