GBP/USD Price Analysis: Bulls embarking on a correction of strong weekly downtrend By ross_burland GBPUSD Technical Analysis
has been thrown around by mixed sentiment on the outcomes of both meetings and subsequent reactions in global financial markets.
We expect inflation to remain high through the middle of the year, begin to come down, then begin to come down more sharply next year.” However, despite the BoE raising Bank Rate to 0.75% from 0.5%, its third consecutive hike since the COVID-19 pandemic, it softened its language on the need for more increases. This led to a significant drop in the pound on Thursday on the knee-jerk in response to the dovish dissent and cautious tone of the minutes. A deteriorating growth
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