GBP/USD Price Analysis: Dollar Softens Post PPI, Eyes on CPI

my GBP/USD forecast

The US released hotter-than-expected Producer Price Index (PPI) figures. Investors expect only 44 basis points of Fed rate cuts in 2024. British wages minus bonuses grew by 6.0% in the first quarter of 2024.  The GBP/USD price analysis shows bullish optimism as the dollar falters in the aftermath of the US wholesale inflation report. All…

The post GBP/USD Price Analysis: Dollar Softens Post PPI, Eyes on CPI appeared first on Forex Crunch.

Source: https://www.forexcrunch.com/blog/2024/05/15/gbp-usd-price-analysis-dollar-softens-post-ppi-eyes-on-cpi/

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