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GBP Price Forecast: Pound Resumes Where it Left Off, USD Pressing

February 27, 2023

Via: DailyFX

The British pound has not really moved much overnight in the Asian session largely due to the follow through from Friday’s US core PCE price index that showed elevated inflation pressures via the Fed’s preferred measure. Terminal rates for 2023 have now breached the 5.4% level (see table below) and could expose the pound to further downside against the greenback.

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