GBP/USD Forecast: Pound Sinks Amid Downbeat UK Inflation
October 17, 2024 at 10:06 AM EDT
UK inflation dropped sharply from 2.2% to 1.7% in September. Services inflation, a key measure for the BoE, plunged from 5.6% to 4.9%. Fed’s Raphael Bostic said he expects one more rate cut this year.
