GBP/USD Forecast: Pound Retains Bid Tone at 10-Week Top

<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" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" 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>The Fed’s minutes failed to change expectations of looming rate cuts. Bank of England Governor Bailey highlighted the risks of sustained inflation growth. Markets are pricing in approximately 70 basis points of BoE rate cuts by the end of next year. On Wednesday, the GBP/USD forecast remained bullish, affirming its strength as the pound sustained…</p>
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