GBP/USD Price Analysis: Remain bearish despite bouncing off weekly lows

The Pound Sterling gathers some steam versus the Greenback, yet it remains trading below the weekly highs of 1.2703 as investors await the US Personal Consumption Expenditure (PCE) Price Index release, along with fears of the upcoming general election in the UK.
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DXY: Bullish momentum on daily chart intact – OCBC

The Dollar Index (DXY) rose, taking cues from higher UST yields and the run-up in USD/JPY above 160-mark.
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