Russia Consumer Price Index (MoM) came in at 0.38% below forecasts (0.5%) in April

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GBP/USD peaks near 1.2500, retains gains

GBP/USD peaks near 1.2500, retains gains

GBP/USD neared 1.2500, and currently trades in the 1.2460 region as the US Dollar turned lower on Powell’s comments. Federal Reserve Chairman repeated inflation remains high and mentioned credit stress eases rate hike pressure.

GBP/USD News

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