GBP/USD Forecast: BoE to Implement Two Rate Cuts in 2024
===============
#15296a3b ver:0.41
The Bank of England is expected to implement two rate cuts in 2024, with the first cut potentially happening in June. The GBP/USD exchange rate is consolidating around 1.2550 as investors await the BoE's interest rate decision. UK economic data shows positive signs of growth, but inflation remains below target, supporting the case for rate cuts. Technical analysis suggests the GBP/USD pair is in a bearish trend, with resistance at 1.2635. The Pound Sterling faces selling pressure and its near-term outlook is uncertain. The BoE's decision will provide more clarity on the interest rate outlook. #GBPUSD #BoE #interestrates...
#newstr #Gbp/usd #BankOfEngland #InterestRates #Inflation #EconomicData #UsEmploymentReport #FedRateCuts #UsEconomy
https://here.news/story/15296a3b?ver=0.41
GBP/USD Hits 2024 Lows as Traders Continue to Sell Rallies /
npub1gn…hpkyd
2024-05-08 12:06:00
Author Public Key
npub1gn4e8a9gsen7vlc9c9vg60q2l7hsqh04vypz9qyyr3xvs4cy0eesrhpkydPublished at
2024-05-08 12:06:00Event JSON
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"content": "GBP/USD Forecast: BoE to Implement Two Rate Cuts in 2024\n===============\t\n#15296a3b ver:0.41\n\nThe Bank of England is expected to implement two rate cuts in 2024, with the first cut potentially happening in June. The GBP/USD exchange rate is consolidating around 1.2550 as investors await the BoE's interest rate decision. UK economic data shows positive signs of growth, but inflation remains below target, supporting the case for rate cuts. Technical analysis suggests the GBP/USD pair is in a bearish trend, with resistance at 1.2635. The Pound Sterling faces selling pressure and its near-term outlook is uncertain. The BoE's decision will provide more clarity on the interest rate outlook. #GBPUSD #BoE #interestrates...\n\n#newstr #Gbp/usd #BankOfEngland #InterestRates #Inflation #EconomicData #UsEmploymentReport #FedRateCuts #UsEconomy \n\n https://here.news/story/15296a3b?ver=0.41",
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