Markets have set an 80% probability of a 50 basis point BoE increase. The Sterling has increased 2.4% this month vs. the dollar. Sunak stated that Britain shouldn’t raise taxes any further. Today’s GBP/USD outlook is bearish. Tuesday saw a decline in the value of the pound relative to the greenback ahead of this week’s … Continued
The post GBP/USD Outlook: Pound on the Back Foot Ahead of BoE Meeting appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- USD/JPY Outlook: Cost Pressure Remains Despite Eased Inflation - March 24, 2023
- EUR/USD Price Tumbles as Dollar Soars, Focus on Key Data - March 24, 2023
- GBP/USD Price Analysis: Pound Falls After BOE’s Dovish Rate Hike - March 24, 2023