The pound collapsed on Thursday, losing about 1.16% of its value. Markets expect only 45-bps of rate cuts in the US this year. The Bank of England might lower borrowing costs by 60-bps this year. The GBP/USD outlook leans bearish, as the greenback started strong amid expected fewer rate cuts this year. At the same…
The post GBP/USD Outlook: Roaring Dollar Pushes Pound to Fresh Lows appeared first on Forex Crunch.
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