GBP/USD Outlook: UK Mixed Data Provides no Momentum

Britain’s unemployment rate remained at 3.7%. The pound rose 1% against the dollar after the collapse of SVB. Investors increased their bets on the probability that the BoE will hold rates in March. Today’s GBP/USD outlook is bullish. On Tuesday, the Office for National Statistics reported that Britain’s unemployment rate remained at 3.7% in the … The post GBP/USD Outlook: UK Mixed Data Provides no Momentum appeared first on Forex Crunch.

Mar 14, 2023 - 08:40
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GBP/USD Outlook: UK Mixed Data Provides no Momentum

Britain’s unemployment rate remained at 3.7%. The pound rose 1% against the dollar after the collapse of SVB. Investors increased their bets on the probability that the BoE will hold rates in March. Today’s GBP/USD outlook is bullish. On Tuesday, the Office for National Statistics reported that Britain’s unemployment rate remained at 3.7% in the …

The post GBP/USD Outlook: UK Mixed Data Provides no Momentum appeared first on Forex Crunch.