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GBP/USD Analysis Today 21/8: Overbought Levels (Chart)
(MENAFN- Daily Forex)
- The British Pound has reached a significant level against the US Dollar amid improving global investor sentiment.
- The GBP/USD exchange rate hit a new daily high of 1.3052 on Wednesday, its highest in over a month.
- This comes amid a continued recovery in the global stock market, which is focusing on growing expectations of interest rate cuts by the US Federal Reserve, pushing the broader US dollar to its lowest levels in seven months.

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