GBP/USD Price Analysis: Pound Weakens After 2023’s 5% Surge

<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" 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>Last year, the pound had its strongest performance since 2017, with a 5% gain. Sticky inflation compelled the Bank of England to delay monetary easing compared to its counterparts. Markets expect a 25 basis point BOE rate cut as soon as May. This Tuesday, the GBP/USD price analysis reveals a subtle bearish undertone, a surprising…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/02/gbp-usd-price-analysis-pound-weakens-after-2023s-5-surge/">GBP/USD Price Analysis: Pound Weakens After 2023&#8217;s 5% Surge</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>