GBP/USD Forecast: Powell Dims March Rate Cut Prospects

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<p>Powell challenged market expectations, shattering hopes for an early Fed rate cut in March. Investors were eagerly awaiting the BoE policy meeting later today. The pound remains one of the best performers against the dollar this year in the G10. The GBP/USD forecast revealed a bearish outlook as the pound lost its strength, succumbing to…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/02/01/gbp-usd-forecast-powell-dims-march-rate-cut-prospects/">GBP/USD Forecast: Powell Dims March Rate Cut Prospects</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>