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club Felene

GBP/USD Outlook: Pound Eases as Traders Lock in Profits

by Forex Crunch
November 8, 2024
in Forex Analysis
Reading Time: 1 min read

The Bank of England cut rates by 25-bps. Markets expect two to three BoE rate cuts in 2025. The Federal Reserve also lowered borrowing costs by 25=bps. The GBP/USD outlook shows a pause in yesterday’s rally as traders lock in profits. The pound rose on Thursday after the Bank of England lowered borrowing costs and…
The post GBP/USD Outlook: Pound Eases as Traders Lock in Profits appeared first on Forex Crunch.
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