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The NZD is the strongest and the GBP is the weakest as the NA session begins

The BOE raised rates by 50 basis points as expected with 2 voting for no policy change. The expectations for inflation at the end of the year fell to 3.92% by Q4 2023 (previous forecast 5.2%). They raised their expectations for 2023 growth but it is still negative at -0.5% vs -1.5% last.

The inflation decline is a pretty good decline. After some up and down price action, the GBPUSD is trading lower (to new lows) and the GBP is the weakest of the major currencies in the morning snapsh... Read More

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Posted: Feb 2 2023, 12:46

Author Name: forexlive

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