GBP/USD is under pressure, but near-term increasingly oversold.
\For years, analysts have warned that the dollar’s position as the world’s reserve currency may be slipping.
The British pound is set to remain under pressure against the dollar in the coming days.
The dollar was softer after U.S. inflation grew 0.3% month-on-month in September, which was less than the 0.4% the market expected.
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