TODAY'S MARKET INTELLIGENCE
Fed Rate Hike Expectations Cool, Weighing on Dollar; GBP/USD Continues to Rise
English summary
GBP/USD held firm in early Asian trade on Friday, trading near 1.3645, supported by a weaker dollar and cooling Fed rate hike expectations. Markets are focusing on UK July retail sales data, which will be a key short-term catalyst. Technically, the pair remains bullish but the RSI has entered overbought territory.
The English text is machine translated and may require verification against the Chinese version.
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