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GBP/USD Outlook: BoE Set for A 50bps Rate Hike to Tame Inflation

Started by forex4you, Sep 24, 2022, 05:10 am

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GBP/USD Outlook: BoE Set for A 50bps Rate Hike to Tame Inflation

Markets expect the BoE to raise rates by 50 basis points. The pound fell after the Fed delivered a 75bps rate hike and flagged more. Britain’s short-term inflation outlook has improved. Today’s GBP/USD outlook is slightly bullish as the Bank of England is expected to raise interest rates by at least half a percentage point … Continued


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