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“Cable” briefly breached 1.330 after the Bank of England kept its rate unchanged at 5%. Moving forward, GBPUSD’s performance will be majorly influenced by the BOE’s policy outlook relative to the Fed, and is forecasted to trade between 1.2721 - 1.3776 through end-2024.
If you thought the past few days were eventful, check out what’s in store for the week ahead!
A string of major central bank decisions may present fresh trading opportunities across financial markets: