UK service inflation rose by 5.6, above expectations for a 5.5% increase. The Bank of England will likely keep rates unchanged this week. US sales increased by 0.1% when estimates had shown a 0.2% decline in August. The GBP/USD forecast points to bullish optimism after UK services inflation data came in higher than expected. Meanwhile,…
The post GBP/USD Forecast: UK Services Inflation Beat Expectations appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/CAD Outlook: Upbeat US CPI Sparks Strong Rally - October 11, 2024
- Gold Outlook: Gold Edges Higher as Traders Brace for US CPI - October 10, 2024
- USD/JPY Forecast: Bullish Optimism Fades Ahead of CPI Data - October 10, 2024
