GBPUSD Technical Analysis – The greenback soars on Trump’s victory ...Middle East

Fundamental OverviewThe US Dollar rallied across the board yesterday as Trump got elected President of the US. The Republicans won also the Senate and the House giving us a red sweep and therefore high chances of tax cuts.This should be the most bullish scenario for the greenback as it should lead to higher growth and less rate cuts expectations. In fact, given the red sweep and the strong US data we keep on getting, the Fed might start to change its stance, and we could see a much earlier than expected pause in 2025. On the GBP side, we have the BoE rate decision today where the central bank is expected to cut by 25 bps with potentially 1 member voting for a hold and 2 members voting for a

Read More Details
Finally We wish PressBee provided you with enough information of ( GBPUSD Technical Analysis – The greenback soars on Trump’s victory )

Also on site :

• Zelensky challenges Putin’s offer to meet after Russia ignores ceasefire demand
• Keir says ‘we cant live on an island of strangers’ as he overhauls migration & cracks down on deportation dodgers
• Trump teases ‘important and impactful’ executive order