GBPUSD: Awaiting GDP Data
GBPUSD holds above 1.2500. Upside capped by weak UK inflation data.
Investors eye Q4 UK GDP data (forecast: +0.1%).
BoE Governor Bailey says inflation to fall to target level by spring.
Trade recommendation:
Buy orders anticipating further rise.
#GBPUSD #Pound #Dollar #BoE #Bailey #GDP #Forex #Analysis
GBPUSD holds above 1.2500. Upside capped by weak UK inflation data.
Investors eye Q4 UK GDP data (forecast: +0.1%).
BoE Governor Bailey says inflation to fall to target level by spring.
Trade recommendation:
Buy orders anticipating further rise.
#GBPUSD #Pound #Dollar #BoE #Bailey #GDP #Forex #Analysis