The GBP/USD forecast shows an unexpected surge in UK inflation. UK inflation increased by 3.5% in April, well above estimates of a 3.3% rise. Fed’s Alberto Musalem said the US labor market could weaken further. The GBP/USD forecast shows an unexpected surge in UK inflation that has dragged down BoE rate cut expectations. Meanwhile, the…
The post GBP/USD Forecast: UK Inflation Surprise Dims Rate Cut Odds appeared first on Forex Crunch.
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