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club Felene

GBP/USD Forecast: Pound Sinks Amid Downbeat UK Inflation

by Forex Crunch
October 16, 2024
in Forex Analysis
Reading Time: 1 min read

UK inflation dropped sharply from 2.2% to 1.7% in September. Services inflation, a key measure for the BoE, plunged from 5.6% to 4.9%. Fed’s Raphael Bostic said he expects one more rate cut this year.  The GBP/USD forecast indicates a sudden drop after UK inflation figures missed forecasts. The unexpected decline in price pressure has…
The post GBP/USD Forecast: Pound Sinks Amid Downbeat UK Inflation appeared first on Forex Crunch.
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