Home / Forex Analysis / GBP/USD Price Surges Despite BoE’s Less Hawkishness, Eying Powell

GBP/USD Price Surges Despite BoE’s Less Hawkishness, Eying Powell

The weaker dollar is pushing GBP/USD higher. The Bank of England is expected to raise interest rates at least twice this year. The GBP/USD bulls pushed the pair back above 1.2500. Monday saw the GBP/USD price close on a bullish candle. Most of this move is attributed to the weaker dollar as investors run to … Continued
The post GBP/USD Price Surges Despite BoE’s Less Hawkishness, Eying Powell appeared first on Forex Crunch.

Read Full Story