An unexpected spike in services inflation complicated the outlook for BoE rate cuts. Data revealed an unexpected 1% increase in UK retail sales. The dollar rebounded against a weak yen on Friday. The GBP/USD outlook shows a slight shift in sentiment as the pound pulls back from recent highs. The decline comes as the dollar…
The post GBP/USD Outlook: Pound Pulls Back After Weaker PMIs appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- GBP/USD Forecast: Consolidating at Fresh Lows, Eyes on CPI - October 9, 2024
- USD/CAD Price Analysis: Oil Slump Drags CAD Down - October 9, 2024
- AUD/USD Outlook: Aussie Nosedives After RBA Minutes - October 9, 2024
