GBP/USD Forecast: British Pound Shoots Straight Up

  • The GBP/USD currency pair rallied rather significantly on Wednesday as the CPI number in the United States came out lower than anticipated.
  • Because of this, some traders are banking on the idea that the Federal Reserve will step away from its aggressive monetary policy. This is not true, but it does seem to be what the market is hoping for in the short term.

Steve Walker

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