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GBP/USD Outlook: Contracting Economy Raises Probability of Dovish BoE

Started by forex4you, Nov 01, 2022, 10:15 am

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Nov 01, 2022, 10:15 am
GBP/USD Outlook: Contracting Economy Raises Probability of Dovish BoE

The pound has had its biggest monthly gain in over a year. The BoE is expected to deliver a 75bps hike this week. The BoE might surprise markets with a smaller hike as the British economy faces a looming recession. Today’s GBP/USD outlook is bearish as the British economy heads for recession. Despite falling on … Continued


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