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GBP/USD Outlook: Facing Headwind Despite UK GDP, BoE Boost

GBP/USD Outlook: Facing Headwind Despite UK GDP, BoE Boost
The UK economy expanded by 0.1% in Q1. A series of data released overnight indicated that the US economy was slowing. The BoE increased rates by 0.25% to 4.5%, raising borrowing costs to the highest since 2008. Today’s GBP/USD outlook is slightly bullish. The pound rose slightly after the release of UK GDP data. In … Continued The post GBP/USD Outlook: Facing Headwind Despite UK GDP, BoE Boost appeared first on Forex Crunch... Read More
Posted: May 12 2023, 08:17
Author Name: forexcrunch
Views: 102128

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