$GBPUSD Forex Signal: More Upside But a Retest of 1.200 Likely
UK inflation and interest rate decisions
In the US, authorities were working to save First Republic Bank, a company that has received numerous credit rating downgrades in the past few weeks. The concern is that most of the company’s clients are not insured, which could lead to further outflows. The only data scheduled on Tuesday will be the latest US existing home sales data. Economists expect the data to show that existing home sales rose from 4 million to 4.17 million in February. While these numbers are important, their impact on the GBP/USD pair will be minimal.
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