GBPUSD moves to a new session high. Tests retracement and swing area target.

The GBPUSD is extending its rally after weaker-than-expected U.S. Producer Price Index (PPI) data reinforced the view that inflation pressures continue to ease. Following yesterday's softer CPI report, today's PPI release added to the disinflation narrative, prompting another wave of U.S. dollar selling. Treasury yields also moved lower, with the two-year y…

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