GBP/USD has experienced a slight decline, influenced by the release of October's UK Consumer Price Index (CPI) data. The exchange rate has responded to the potential for the Bank of England to resume its easing policy at the upcoming meeting on December 18, as analysts at BBH suggest that the inflation figures provide sufficient leeway for such a decision.
As traders adjust their positions in response to this economic data, the outlook for the GBP remains cautious. The implications of the anticipated BoE easing could further impact the currency pair’s performance against the USD, potentially leading to increased volatility in the Forex market as investors weigh the future direction of monetary policy.
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Data Source: FX Killer Analysis Team Updated: 2025-11-19 11:38
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.