The Pound Sterling (GBP) continues its losing streak for the fourth trading session on Tuesday as investors turn risk-averse in a big central banks’ week.
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The US Dollar Index , which measures the US Dollar’s value against six rival currencies, continues its winning streak for the fourth trading session on Tuesday. The USD Index jumped to 103.80 on hopes that the Fed will maintain hawkish rhetoric after keeping interest rates unchanged in the range of 5.25%-5.50% on Wednesday This week, the Pound Sterling will be guided by the Bank of England’s interest rate decision, which will be announced on Thursday.
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