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GBP/USD Weekly Forecast: Dollar Shines as Fed Rate Cut Wanes
Initial jobless claims fell in the US, indicating a still-tight labor market. US retail sales rose but fell short of expectations. The UK jobless rate rose, easing some of the BOE’s inflation worries. The GBP/USD weekly forecast is bearish as reduced Fed rate cut bets could keep lifting the dollar. On the other hand, gloomy … Continued The post GBP/USD Weekly Forecast: Dollar Shines as Fed Rate Cut Wanes appeared first on Forex Crunch...
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Posted: May 21 2023, 10:24
Author Name: forexcrunch
Views: 110897