GBP/USD aims upward
The Cable has come close to its 2023 high.
The Cable has come close to its 2023 high. The pound sterling has received support from the news that the UK's trade deficit contracted more than predicted in May, while GDP saw moderate growth to 0.1% in the past three months. In addition to that, the prospect that the Bank of England will raise its interest rate next week is buoying the GBP/USD pair.
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