GBP/USD Forecast: Pound Dips After Subpar November CPI

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<p>November’s British inflation data fell well below expectations. Markets fully anticipate a 25 basis point Bank of England rate cut in June 2024. Market participants are now pricing in a 69% chance of the first Fed cut in March. Disappointing November British inflation data led to a bearish GBP/USD forecast on Wednesday. The figures, significantly…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/20/gbp-usd-forecast-pound-dips-after-subpar-november-cpi/">GBP/USD Forecast: Pound Dips After Subpar November CPI</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>