GBP/USD Weekly Forecast: Fed Hawks to Retain Selling Pressure

<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>US consumer inflation data came in higher than expected. There was a slight improvement in the GDP numbers in the UK. Capital Economics projected a potential drop in British inflation to 1.7% in April. The GBP/USD weekly forecast shows a hint of bearish sentiment as the persistence of US consumer inflation suggests the potential for…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2024/01/13/gbp-usd-weekly-forecast-fed-hawks-to-retain-selling-pressure/">GBP/USD Weekly Forecast: Fed Hawks to Retain Selling Pressure</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>