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GBP/USD Price Analysis: Dollar Rebounds After CPI-led Plummet

Data showed that US import prices jumped 0.9% last month. Fed policymakers have maintained a cautious stance since the inflation report. Data revealed a smaller-than-expected drop in unemployment claims. The GBP/USD price analysis on Friday is slightly bullish as the dollar recovers after signs that inflation remains a concern. However, the general market sentiment showed…

my GBP/USD forecast

GBP/USD Outlook: Pound Holds Firm Against Weakening Dollar

The dollar fell Wednesday as investors absorbed the Fed’s policy meeting outcome. Powell maintained that the Fed’s next move would be a rate cut. British manufacturing fell in April. The GBP/USD outlook remains optimistic as the pound holds strong against a faltering dollar. Recent remarks from Fed Chair Jerome Powell have increased the likelihood that…

my GBP/USD forecast

GBP/USD Outlook: Dollar Slides on Disappointing GDP Figures

Wednesday’s data revealed weaker US economic growth in the first quarter. A measure of US core personal consumption expenditures jumped by 3.7%. Investors are cautious ahead of today’s core PCE price index report. The GBP/USD outlook remains bullish as the dollar loses ground following a disappointing gross domestic product report. However, the inflation figures buried…