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GBP/USD Outlook: Tests14-Month Low as UK Bonds Slump

by Forex Crunch
January 10, 2025
in Forex Analysis
Reading Time: 1 min read

Sterling wallowed near recent lows amid turmoil in the UK debt market. Markets are only pricing 40-bps of Fed rate cuts this year. Economists expect US jobs to increase by 160,000 in December. The GBP/USD outlook is extremely bearish, pushing the pound to a 14-month low as the UK bonds market slumps. On the other…
The post GBP/USD Outlook: Tests14-Month Low as UK Bonds Slump appeared first on Forex Crunch.
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