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club Felene

GBP/USD Forecast: Markets Cautious Ahead of BoE Meeting

by Forex Crunch
February 6, 2025
in Forex Analysis
Reading Time: 1 min read

Market participants are pricing a 92% chance of a quarter-point BoE rate cut.  US private jobs increased more than expected. Business activity in the US services sector fell, with the PMI dropping from 54.2 to 52.8. The GBP/USD forecast shows a pullback from recent peaks as market participants prepare for a likely Bank of England…
The post GBP/USD Forecast: Markets Cautious Ahead of BoE Meeting appeared first on Forex Crunch.
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