GBP/USD bounces back from a fresh weekly low (1.2625) amid the ongoing dissent within the Bank of England (BoE), but the exchange rate may fall towards the January low (1.2597) on a close below the 50-Day SMA (1.2674). US Dollar Forecast: GBP/USD Vulnerable on Close Below 50-Day SMA GBP/USD may trade within the confines of the January range as two BoE members vote for a 25bp rate hike, and it seems as though the majority of the Monetary Policy Committee (MPC) is in no rush to switch gears as ‘monetary policy will need to remain restrictive for sufficiently long to return inflation to the 2% target sustainably in ... (full story)
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2024-02-01 19:32:00Z
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