GBPUSD Weekly Forecast: Time to sell? Steaming hot US inflation set to reverse BOE-led rally. Another rate hike and even more down the road – the BOE's words and actions have boosted sterling, and now it may be time to focus on the other side of the pond.
This week in GBP/USD: BOE sends mixed messages
On the other hand, Bailey stressed that most of the increase in inflation is related to an external supply shock, referring to supply-chain issues and energy costs. He said the UK economy is not roaring. That weighed on the pound. , who opened the door to such a move. No fewer than six officials reiterated this message, weighing on the greenback.smashed estimates with 467,000 – triple the early expectations and on top of massive upward revisions for the past two months. While annual changes make the overall employment picture somewhat less exciting, there is no doubt the American economy is doing well.
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