GBP/USD Forecast: Resilience in UK Economy Boosts Pound

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<p>British services firms experienced increased growth this month. Data revealed a smaller-than-anticipated budget deficit for December in Britain. Market indicators suggest approximately a 50% probability that the BoE will start rate cuts in May. Wednesday brought a bullish outlook to the GBP/USD forecast due to signs of resilience in the British economy. Moreover, there were…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/24/gbp-usd-forecast-resilience-in-uk-economy-boosts-pound/">GBP/USD Forecast: Resilience in UK Economy Boosts Pound</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>