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User n9aehgy333
Member for:
2 years (since Sep 3, 2022)
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Website:
https://g5oydnh586.doodlekit.com/blog/entry/22339866/my-currency-converter
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USD To GBP
After retesting the uptrend line, the GBP/USD pair developed a strong leg down. Personally, I’ve drawn a descending pitchfork, hoping that I’ll catch a potential sell-off. As you can see on the hourly chart, the price retested the upper median line , confirming the pitchfork. Technically, the price took out strong support levels, signaling a potential for a deeper drop. Fundamentally, the USD received a helping hand from the US economic data. The Unemployment Claims, Philly Fed Manufacturing Index, and the CB Leading Indicator came in better than expected.
To understand the rates available, it's helpful to know the mid-market exchange ratefor your currency pair. You can find this from our currency table, or using an online currency converter. The mid-market exchange rate matters because it's the rate banks and currency exchange services get when they buy and sell currency on the global markets. By using the mid-market exchange rate as a benchmark, you can see if the provider has added a markup to the rate they pass on to customers.
The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views. Board of Governors of the Federal Reserve System The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. The Swiss franc is the safe haven of foreign currencies, and USD/CHF is the abbreviation for the currency pair of the United States and Switzerland.
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