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GBP/USD Weekly Forecast: BoE Rate Cut Weighs on Pound

by Forex Crunch
November 11, 2024
in Forex Analysis
Reading Time: 1 min read

Republican candidate Donald Trump won the US presidential election. The Bank of England cut interest rates by 25-bps as expected. Next week, the US will release consumer and wholesale inflation data. The GBP/USD weekly forecast points south amid a drop in BoE rate cut expectations and a stronger dollar after Trump’s win. Ups and downs…
The post GBP/USD Weekly Forecast: BoE Rate Cut Weighs on Pound appeared first on Forex Crunch.
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