Powell confirmed that the Fed’s next policy move would be a rate cut. Data on Friday revealed a bigger-than-expected dip in US employment. Investors will focus on the Bank of England interest rate decision on Thursday. The GBP/USD weekly forecast indicates a bullish trend as poor US employment data strengthens expectations for a Fed rate...
The post GBP/USD Weekly Forecast: Dismal NFP Boosts Pound, Eyes on BoE appeared first on Forex Crunch.
https://www.forexcrunch.com/blog/2024/05/05/gbp-usd-weekly-forecast-dismal-nfp-boosts-pound-eyes-on-boe/?utm_source=dlvr.it&utm_medium=blogger
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