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GBP/USD. Price Analysis. Forecast. The Bank of England Likely to Hold Rates but Flag a Risk of a November Hike
On Thursday, the GBP/USD pair entered
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On Thursday, the GBP/USD pair entered a bearish consolidation phase below the round 1.3400 level. Investors are cautious and refrain from opening new positions ahead of the Bank of England's rate decision.The BoE is expected to leave rates unchanged at the September meeting. Attention should therefore focus on subsequent signals about the policy path, given higher energy prices driven by the prolonged Middle East conflict. Markets currently price in roughly an 80% chance of a November rate hike — the
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