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GBP/USD Price Analysis: Higher Policy Rates Spur Flight to Safety

GBP/USD Price Analysis: Higher Policy Rates Spur Flight to Safety
The Bank of England surprised markets with a 50bps rate hike. The market anticipates the adverse impact of higher rates on the UK economy. Britain’s inflation rate remained unchanged at 8.7% compared to the previous month. Today’s GBP/USD price analysis is bearish. After experiencing an initial surge in a volatile trading session on Thursday, the … Continued The post GBP/USD Price Analysis: Higher Policy Rates Spur Flight to Safety appeared first on Forex Crunch... Read More
Posted: Jun 23 2023, 10:00
Author Name: forexcrunch
Views: 081161

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