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GBP/USD Price Analysis: Sterling Gains Despite Downbeat Data

by Forex Crunch
October 15, 2024
in Forex Analysis
Reading Time: 1 min read

Average weekly earnings in the UK met forecasts at 4.9%. Market participants maintained the chances of a November BoE rate cut at 80%.  The greenback remained firm due to a shift in tone among Fed officials. The GBP/USD price analysis shows little change, as the pound remains within its tight range. UK employment figures failed…
The post GBP/USD Price Analysis: Sterling Gains Despite Downbeat Data appeared first on Forex Crunch.
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