BoE’s Grim Forecasts Weigh on Pound

…But there’s hope for GBP/USD bulls – the dollar and bond yields are weakening again. The pound slumped after the Bank of England provided a very grim forecast on growth and predicted inflation would hit double-digits, as it raised interest rates by 50 basis points to 1.75% as had been expected. The GBP/USD slid below […]

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