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Asset Summary – Friday, 23 May
Asset Summary – Friday, 23 May GBPUSD is poised for potential further gains, driven by a combination of factors favoring the British pound. Optimism surrounding a newly forged agreement between the UK and the EU is bolstering investor confidence. This positive sentiment is further reinforced by anticipation of upcoming UK economic data releases, which are…
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Dollar Under Pressure Amid Fiscal Concerns – Friday, 23 May
The US dollar faced downward pressure, with the dollar index falling to around 99.6 and on track for a weekly loss exceeding 1%. Concerns about the US fiscal outlook, stemming from the President’s budget bill and a credit rating downgrade, weighed heavily on the currency. Lack of progress in trade negotiations further contributed to the…
