The BoE will likely raise rates even more as inflation spreads. Investors on the sidelines are waiting on US inflation data. In the charts, the 30-SMA is offering strong resistance. The GBP/USD price analysis is bearish as investors ignore hawkish statements from the BoE. According to BoE Deputy Governor Dave Ramsden, the Bank of England … Continued
The post GBP/USD Price Analysis: BoE’s Ramsden Warns Spreading Inflation appeared first on Forex Crunch.
Read Full Story
- EUR/USD Price Pauses Loses at 0.9550, All Eyes on Powell - September 28, 2022
- USD/JPY Forecast: Probable Policy Shift by BoJ on the Rise - September 28, 2022
- GBP/USD Price Analysis: Pound’s Rebound Fails as USD Hits 20-yr Top - September 28, 2022