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GBP/USD Price Analysis: BoE Hikes by 75bps, Warns of Recession Ahead

Started by forex4you, Nov 05, 2022, 03:11 am

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GBP/USD Price Analysis: BoE Hikes by 75bps, Warns of Recession Ahead

The BoE raised rates by 75bps on Thursday, the most since 1989. The BoE warned of a looming protracted recession in Britain. The pair is falling on dollar strength after Powell’s hawkish comments. Today’s GBP/USD price analysis is bearish. After the Bank of England changed its tone, investors recalculated their rate projections, which put the … Continued


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