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GBP/USD Price Analysis: Oscillates in a range below the 1.2500 mark, eyes on UK GDP, US CPI
The GBP/USD pair consolidates in a familiar range below the 1.2500 barrier during the Asian session on Wednesday. The major pair currently trades near 1.2488, losing 0.01% on the day. Market players prefer to wait on the sidelines ahead of the UK Gross Domestic Product (GDP) data for July and the highly anticipated US Consumer Price Index (CPI) data. These figures could trigger the volatility in the pair.
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