Home / Forex Analysis / GBP/USD Outlook: BoE Set for A 50bps Rate Hike to Tame Inflation

GBP/USD Outlook: BoE Set for A 50bps Rate Hike to Tame Inflation

Markets expect the BoE to raise rates by 50 basis points. The pound fell after the Fed delivered a 75bps rate hike and flagged more. Britain’s short-term inflation outlook has improved. Today’s GBP/USD outlook is slightly bullish as the Bank of England is expected to raise interest rates by at least half a percentage point … Continued
The post GBP/USD Outlook: BoE Set for A 50bps Rate Hike to Tame Inflation appeared first on Forex Crunch.
Read Full Story