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GBP/USD Outlook: Fed Remains Committed to Fight Inflation

Started by forex4you, Jan 07, 2023, 10:11 am

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Jan 07, 2023, 10:11 am
GBP/USD Outlook: Fed Remains Committed to Fight Inflation

Investors’ desire for riskier assets increased due to China’s reopening. Fed policymakers agreed to reduce the speed of its brisk interest rate increases. US manufacturing activity shrank in December, showing the effects of higher interest rates.  Today's GBP/USD outlook is slightly bearish. Despite the Federal Reserve’s continued hawkish stance, the dollar made very small gains … Continued


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