Pound to Dollar Week Ahead Forecast: 1.26 on U.S. Inflation Undershoot
===============
#15296a3b ver:0.47
The GBP/USD exchange rate is consolidating around 1.2550 ahead of the Bank of England's interest rate decision. The BoE is expected to keep rates unchanged, but market participants are watching for guidance on future rate movements. UK economic data shows positive signs of growth, but inflation has dipped below US levels, increasing the case for rate cuts. Technical analysis suggests a bearish reversal pattern, and the pair will be guided by the BoE's decision. The Pound faces selling pressure and has not stabilized above the 20-day EMA. The US Dollar strengthens despite weak economic data. The BoE's decision will provide more clarity on the interest rate outlook. #GBPUSD #BoE #inflation #interestrates...
#newstr #Pound #Dollar #ExchangeRate #Inflation #BankOfEngland #Forecast
https://here.news/story/15296a3b?ver=0.47
GBP/USD Hits 2024 Lows as Traders Continue to Sell Rallies /
npub1gn…hpkyd
2024-05-13 07:55:45
Author Public Key
npub1gn4e8a9gsen7vlc9c9vg60q2l7hsqh04vypz9qyyr3xvs4cy0eesrhpkydPublished at
2024-05-13 07:55:45Event JSON
{
"id": "361b7e0ca493def04601a2ee35ce1efb37c245bf5e852a22f08eb79dfaca0775",
"pubkey": "44eb93f4a88667e67f05c1588d3c0affaf005df561022280841c4cc857047e73",
"created_at": 1715586945,
"kind": 1,
"tags": [],
"content": "Pound to Dollar Week Ahead Forecast: 1.26 on U.S. Inflation Undershoot\n===============\t\n#15296a3b ver:0.47\n\nThe GBP/USD exchange rate is consolidating around 1.2550 ahead of the Bank of England's interest rate decision. The BoE is expected to keep rates unchanged, but market participants are watching for guidance on future rate movements. UK economic data shows positive signs of growth, but inflation has dipped below US levels, increasing the case for rate cuts. Technical analysis suggests a bearish reversal pattern, and the pair will be guided by the BoE's decision. The Pound faces selling pressure and has not stabilized above the 20-day EMA. The US Dollar strengthens despite weak economic data. The BoE's decision will provide more clarity on the interest rate outlook. #GBPUSD #BoE #inflation #interestrates...\n\n#newstr #Pound #Dollar #ExchangeRate #Inflation #BankOfEngland #Forecast \n\n https://here.news/story/15296a3b?ver=0.47",
"sig": "8a534c1192baad687703cbb176961eba47885b1f02efd26aa18f336cbb7f91e6ea361b3028b5bb2e74f005cd1fb3515974a06fb8049ae927a674b4a6d5dde8d8"
}