The GBP/USD price continued its recovery process after the latest interest rate decision by the Federal Reserve and the strong UK consumer inflation data.
Bank of England's decision ahead
This will be a closely-watched decision considering that the UK is facing one of the worst inflation in recent memory. Therefore, the BoE will grapple with how to handle the situation together with the ongoing bank challenges. Analysts expect that the bank will carry on with a 0.25% rate hike, pushing the headline lending rate to 4.25%. It will then point to a pause in May as it reviews the impact of the last rate hikes.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
GBP/USD Forex Signal: Break and Retest Points to More UpsideThe $GBPUSD price pulled back ahead of the upcoming UK consumer and producer inflation data. Forex SIGNALS
Consulte Mais informação »
Gold Price Forecast: Uptrend intact if bruised ahead of the FOMC meetingGold price finds a floor at around $1,940 in the calm before the FOMC storm on Wednesday. The recent banking crisis appears to have eased temporarily
Consulte Mais informação »
GBP/USD Price Analysis: Keeps the red around mid-1.2200s, downside remains cushionedThe GBP/USD pair stalls a three-day-old uptrend on Tuesday and retreats from its highest level since early February touched the previous day. The pair
Consulte Mais informação »
GBP/USD Price Analysis: Bulls are in the market and eye a bullish extensionGBP/USD is grappling with the 1.22 area on Tuesday, keeping close to an almost seven-week high as traders reckoned banking stress could keep the Feder
Consulte Mais informação »
GBP/USD Price Analysis: Pair back above the 1.2200 mark, supported by 50-DMAGBP/USD's bull run stalls at a long-ended descending trendline originating from the 1.3768 mark on a daily timeframe. This bullish surge is driven by
Consulte Mais informação »
GBP/USD Price Analysis: Builds on UK CPI-inspired rally, climbs to 1.2300 ahead of FOMCThe GBP/USD pair catches fresh bids on Wednesday and the buying interest picks up pace during the first half of the European session in reaction to th
Consulte Mais informação »