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GBP/USD Outlook: BoE-led Bears Pause at 1.2350 Ahead of US NFP

Started by forex4you, May 07, 2022, 08:21 am

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May 07, 2022, 08:21 am
GBP/USD Outlook: BoE-led Bears Pause at 1.2350 Ahead of US NFP

A slight gain in the GBP/USD currency pair reclaims its largest one-day loss since March 2020. It fueled stagflation fears by raising rates by 25 basis points and raising inflation forecasts to double digits. While the dollar is gaining momentum, there are doubts that the Fed will announce a 50bps rate hike soon, which adds … Continued


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