The US issued PPI data that provided additional evidence that inflation had peaked. British inflation reached a 41-year high due to rising food and household energy costs. Jeremy Hunt unveiled tax increases and spending reductions to try and fix Britain’s finances. The GBP/USD weekly forecast is bullish as the Bank of England is bound to … Continued
The post GBP/USD Weekly Forecast: BoE Challenged by Rising Inflation appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- GBP/USD Price Rebounds as UK Inflation Remains Hot - April 17, 2024
- EUR/USD Forecast: Dollar Eases After Impressive Surge - April 17, 2024
- AUD/USD Price Analysis: Picks up Amid China’s Economic Growth - April 17, 2024