The dollar is soaring against the pound after Powell’s hawkish comments. The BoE is expected to raise rates by 75bps. Inflation in the UK is expected to remain above 2% in 2023. Today’s GBP/USD outlook is bearish as the dollar gains momentum on the back of Powell’s hawkish comments. However, this might change over the … Continued
The post GBP/USD Outlook: BoE to Deliver the Largest Hike in 33 Years appeared first on Forex Crunch.
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