GBP/USD Weekly Forecast: BoE’s Retreat Flipping the Pound

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<p>The dollar got a boost after the FOMC meeting. Data on initial jobless claims showed a drop, supporting the view of a still-tight US labor market. The UK registered a surprise drop in inflation, pushing the pound lower. The GBP/USD weekly forecast is bearish. The dollar is rising amid a hawkish Fed, while the BOE…</p>
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