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GBP/USD Forecast: UK Inflation Surprise Briefly Lifts Pound

by Forex Crunch
November 20, 2024
in Forex Analysis
Reading Time: 1 min read

Inflation in the UK rose by 2.3%, above estimates of a 2.2% increase. The Bank of England will likely take a less aggressive approach to rate cuts. The US dollar remained steady after a rally on Tuesday due to safe-haven inflows. The GBP/USD forecast shows a better-than-expected reading for UK inflation, which has briefly boosted…
The post GBP/USD Forecast: UK Inflation Surprise Briefly Lifts Pound appeared first on Forex Crunch.
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