GBP/USD Outlook: Pound Plunges Amid Dollar’s Resurgence

<div><img width="1024" height="746" src="https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-1024×746.png" class="type:primaryImage wp-post-image" alt="my GBP/USD forecast" style="margin-bottom: 15px;" decoding="async" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-1024×746.png 1024w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-300×219.png 300w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2-150×109.png 150w, https://www.forexcrunch.com/wp-content/uploads/2021/07/Screenshot_1-2.png 1171w" sizes="(max-width: 1024px) 100vw, 1024px" /></div>
<p>Robust economic indicators affirmed the strength of the US economy. There was a surge in business activity in the US services sector. Powell said rate cuts would be delayed until there was a clear indication that inflation was dropping. In the GBP/USD outlook, the narrative unfolds with a bearish tone. Fueled by positive data, the…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/02/06/gbp-usd-outlook-pound-plunges-amid-dollars-resurgence/">GBP/USD Outlook: Pound Plunges Amid Dollar’s Resurgence</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>