Goldman Sachs sees 15% chance of a 50bp Fed rate cut in July

Analysts at Goldman Sachs see only 15% probability of the US Federal Reserve cutting rates by 50 basis points on July 31. The investment bank, however
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GBP/USD technical analysis: Buyers await a break of 9-day old resistance-line to target 200-HMA

Even if the Federal Reserve Chairman’s Testimony triggered the GBP/USD pair’s upside, the quote still struggles to clear the 9-day long descending trend-line.
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