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Technical Analysis Posted 2 hours ago

GBP Rallies on Hawkish BoE; June GDP Thursday Decides Trend

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Sterling has strengthened this week on hawkish Bank of England signals, with EUR/GBP showing downside potential and GBP/CHF upside momentum. However, Thursday's June monthly GDP release—not the softer Q2 headline—will be critical in determining whether the hawkish drift sustains into September. Traders should monitor this data closely for directional confirmation.
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