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.
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