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GBP/USD Forecast: Recession Looms After UK’s GDP Contraction in Aug

Started by forex4you, Oct 14, 2022, 07:21 am

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Oct 14, 2022, 07:21 am
GBP/USD Forecast: Recession Looms After UK's GDP Contraction in Aug

Britain’s GDP fell by 0.3%, more than investors had anticipated. Economists expect BoE to continue aggressively despite poor GDP data. Markets are questioning BoE’s resolve to end the bond-buying program on Friday. Today’s GBP/USD forecast is bearish. Britain’s economy appears to be headed for a recession after data revealed it unexpectedly contracted in August. It … Continued


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