GBP/USD Forecast: Stubborn US Core Inflation Lifts Dollar

The US consumer inflation report showed a 0.3% jump in core inflation in August. The likelihood of a supersized 50 bps rate cut fell to 15%. The UK economy stagnated in July with no expansion. The GBP/USD forecast shows bears in the lead as the dollar firms after a jump in US core inflation. At…
The post GBP/USD Forecast: Stubborn US Core Inflation Lifts Dollar appeared first on Forex Crunch.
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GBP/USD Forecast: Stubborn US Core Inflation Lifts Dollar

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