$GBPUSD Forex Signal: Sterling to Retest 1.2200 Ahead of BOE, FOMC
The GBP/USD pair declined after the strong US inflation numbers pushed investors to price in a more hawkish Federal Reserve.
This will be a big week for the GBP/USD pair as focus shifts to important economic data from the US and the UK and the FOMC and BOE decisions. The ONS will also publish the latest manufacturing, industrial, and construction output numbers. On Tuesday, the agency will release the latest UK jobs numbers. Analysts believe that the country’s unemployment rate declined to 3.7% to 3.6% in April.
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