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GBPUSD

Technical Summary

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News

US stocks hit record highs, dollar pares losses after CPI, Fed decision

GLOBAL MARKETS-US stocks hit record highs, dollar pares losses after CPI, Fed decision Updates to 4:06 p.m. EDT By Stephen Culp NEW YORK, June 12 (Reuters) - The S&P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investors weighed a market-pleasing inflation report against lowered interest rate cut expectations.
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Wall Street holds gains, Treasury yields pare losses as Fed dampens rate-cut expectations

GLOBAL MARKETS-Wall Street holds gains, Treasury yields pare losses as Fed dampens rate-cut expectations Updates to 15:04 EDT By Stephen Culp NEW YORK, June 12 (Reuters) - U .S. stocks wavered but resumed their rally and U.S. Treasury yields pared earlier declines after the U.S. Federal Reserve left interest rates unchanged and lowered expectations for rate cuts this year.
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US recap: EUR/USD rise on soft US CPI tamed by hawkish Fed hold

BUZZ-COMMENT-US recap: EUR/USD rise on soft US CPI tamed by hawkish Fed hold USD/JPY-Recovers from CPI slide on hawkish Fed , BoJ and sales data now eyed AUD/USD- Bulls charge after CPI; Fed's SEP gave bears some life GBP/USD retests 1.28 as Fed raises bar to pre-election rate cut June 12 (Reuters) - The dollar tumbled in response to unexpectedly weak U.S.
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Sterling clears hurdle after soft US CPI surprise

BUZZ-COMMENT-Sterling clears hurdle after soft US CPI surprise June 12 (Reuters) - Cable rallied to a fresh multi-month high of 1.2860 on Wednesday after a downside surprise in the latest U.S. CPI figures, with the subsequent dovish repricing in U.S. rates -- once again fully discounting two cuts by the Federal Reserve -- aiding the move higher in GBP/USD.
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Wall St rallies, dollar drops after cooler US inflation; Fed in the wings

GLOBAL MARKETS-Wall St rallies, dollar drops after cooler US inflation; Fed in the wings Updates to 10:25 EDT By Stephen Culp NEW YORK, June 12 (Reuters) - U.S. stocks rallied and the dollar sank as cooler-than-expected inflation data fueled rate cut optimism, hours before the end of the U.S. Federal Reserve's monetary policy meeting. Benchmark U.S. Treasury yields were sharply lower after the Labor Department's closely watched CPI report showed core prices growing at their slowest annual pace i
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