Britain’s inflation rate decreased by a smaller margin than anticipated last month. British consumer prices rose 8.7% annually, down from 10.1% in March. High inflation increases the likelihood of additional BOE interest rate hikes. Today’s GBP/USD forecast is slightly bullish. The pound initially strengthened and later weakened after releasing stronger-than-expected British inflation data. Official data … Continued
The post GBP/USD Forecast: Buyers Unimpressed Despite Upbeat UK CPI appeared first on Forex Crunch.
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