GBP/USD Outlook: Slow Growth Paves Path for BoE’s Rate Cut

The UK GDP report showed a smaller-than-expected expansion of 0.1%. British Treasury yields fell after a softer-than-expected UK inflation report. Underlying US inflation was softer than expected in December. The GBP/USD outlook shows increasing pressure on the Bank of England to lower borrowing costs amid weak economic growth. Meanwhile, in the US, a soft inflation…
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GBP/USD Outlook: Slow Growth Paves Path for BoE’s Rate Cut

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