$GBPUSD Forex Signal: Bearish Outlook Ahead of US CPI, Fed Minutes
was flat during the Asian session after the IMF predicted that the British economy will contract this year.
Therefore, the IMF warned that the government will miss its priorities of reducing its public debt and borrowing below 3% of 2028 GDP. However, some independent estimates are that the economy will notch a small growth this year. Another positive catalyst for the British economy is that the British pound has risen by more than 10% from its lowest point in 2022.The next data to watch will be the upcoming consumer price index data from the US.These numbers will help predict what the Fed will do in the next meeting.
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