GBP/USD Forecast: Markets Cautious Ahead of BoE Meeting
Market participants are pricing a 92% chance of a quarter-point BoE rate cut. US private jobs increased more than expected. Business activity in the US services sector fell, with the PMI dropping from 54.2 to 52.8. The GBP/USD forecast shows a pullback from recent peaks as market participants prepare for a likely Bank of England... The post GBP/USD Forecast: Markets Cautious Ahead of BoE Meeting appeared first on Forex Crunch.
Market participants are pricing a 92% chance of a quarter-point BoE rate cut. US private jobs increased more than expected. Business activity in the US services sector fell, with the PMI dropping from 54.2 to 52.8. The GBP/USD forecast shows a pullback from recent peaks as market participants prepare for a likely Bank of England...
The post GBP/USD Forecast: Markets Cautious Ahead of BoE Meeting appeared first on Forex Crunch.
