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GBP/USD Outlook: BoE to Deliver the Largest Hike in 33 Years

Started by forex4you, Nov 04, 2022, 06:08 am

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GBP/USD Outlook: BoE to Deliver the Largest Hike in 33 Years

The dollar is soaring against the pound after Powell’s hawkish comments. The BoE is expected to raise rates by 75bps. Inflation in the UK is expected to remain above 2% in 2023. Today’s GBP/USD outlook is bearish as the dollar gains momentum on the back of Powell’s hawkish comments. However, this might change over the … Continued


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