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GBP/USD Outlook: Pound Slides as Rate Cut Bets Grow

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

Three BoE policymakers were ready to lower borrowing costs. Data revealed that UK retail sales missed forecasts, increasing by 0.2%. The US economy expanded by 3.1% in the fourth quarter, above estimates of 2.8%. The GBP/USD outlook shows growing enthusiasm among pound bears as Bank of England rate cut expectations increase. At the same time,…
The post GBP/USD Outlook: Pound Slides as Rate Cut Bets Grow appeared first on Forex Crunch.
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