GBP/USD Outlook: BoE’s Pill Sees Likelihood of Ongoing Inflation
Britain still faces the threat of ongoing inflationary pressure due to a tight labor market. Markets anticipate the BoE will increase rates to 4% at its next meeting. Markets currently forecast BoE rates to peak at 4.5% in June. Today’s GBP/USD outlook is bullish. Huw Pill, the chief economist at the Bank of England, stated … Continued The post GBP/USD Outlook: BoE’s Pill Sees Likelihood of Ongoing Inflation appeared first on Forex Crunch.
Britain still faces the threat of ongoing inflationary pressure due to a tight labor market. Markets anticipate the BoE will increase rates to 4% at its next meeting. Markets currently forecast BoE rates to peak at 4.5% in June. Today’s GBP/USD outlook is bullish. Huw Pill, the chief economist at the Bank of England, stated … Continued
The post GBP/USD Outlook: BoE’s Pill Sees Likelihood of Ongoing Inflation appeared first on Forex Crunch.
