Home Analysis GBP/USD is marginally higher

GBP/USD is marginally higher

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GBPUSD is marginally higher - forexspacex.com

The soaring inflation and ongoing war between Russia and Ukraine have persuaded the U.S. Federal Reserve to take aggressive action. The Federal Open Market Committee (FOMC) meeting minutes for March indicates that Feds may hike the interest rates by 50 basis points multiple times this year. According to financial analysts, the Federal Reserve will start the process of balance sheet reduction in the month of May kicking off with $35B worth of mortgage-backed securities (MBS) and $60B worth of Treasury securities. Consequently, global stocks have started exhibiting high volatility and trading in a bearish zone.

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