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GBP/USD Forecast: Pound Lingers at Recent Lows After UK CPI

by Forex Crunch
September 21, 2023
in Forex Analysis
Reading Time: 1 min read

Data indicated that UK inflation in August had slowed more than anticipated. Investors rushed to scale back their expectations of the BOE increasing rates on Thursday. Traders see a 60% probability that the BOE will leave rates unchanged on Thursday. Today’s GBP/USD forecast is bearish as the pound hovers near fresh lows hit after the…
The post GBP/USD Forecast: Pound Lingers at Recent Lows After UK CPI appeared first on Forex Crunch.
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