GBP/USD Weekly Forecast: Fed Rate Forecasts Pushes Dollar Up

UK data revealed a significant jump in monthly unemployment claims. US data revealed a smaller-than-expected figure for consumer inflation in May. Fed forecasts at the FOMC meeting showed only one rate cut in December. The GBP/USD weekly forecast shows more downside potential as Fed forecasts for rate cuts overshadow the recent cooler inflation figures. Ups...


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