Shares of Deutsche Bank dropped by about 9% on Friday amid banking sector worries. The British central bank increased its benchmark interest rate from 4% to 4.25%. Bailey reiterated that the central bank expected inflation to decline considerably this year. Today's GBP/USD forecast is bearish. Deutsche Bank shares dropped about 9% on Friday, resulting in … Continued
The post GBP/USD Forecast: Bailey Claims Inflation to Decline in 2023 appeared first on Forex Crunch.