UK Debt Stays High as Pound Faces Resistance; FOMC Minutes and Budget Loom
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UK public debt remains high, exceeding 100% of GDP, presenting fiscal risks long-term.
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FOMC meeting minutes today may provide guidance on future Fed policy moves.
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GBP/USD faces resistance at 1.2548, while technicals show the pair is approaching overbought territory.
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UK Autumn budget statement tomorrow could stir volatility in GBP pairs.
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IG client sentiment shows majority of retail traders are net long on GBP/USD currently.