Sterling highest in 2 years

By X-blogger - on August 26, 2024

The dollar fell and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the long-anticipated U.S. interest rate cut would come next month.

The Pound-Dollar pair traded sideways in the last session. According to the Stochastic-RSI, we are in an overbought market.
Support: 1.3029 | Resistance: 1.3322

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