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GBP/USD Outlook: BoE Facing an Uphill Task with Inflation

Started by forex4you, Jan 29, 2023, 03:02 pm

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GBP/USD Outlook: BoE Facing an Uphill Task with Inflation

British surveys on business confidence and activity show a struggling economy. The pound is on track for its fourth consecutive monthly surge versus the dollar. The US gross domestic product expanded at an annualized rate of 2.9%. Today's GBP/USD outlook is bearish. Sterling maintained its stability on Friday but was on track to post its … Continued


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