July 10, 2024 – OkSignals

GBP/USD Surges Above 1.2800 on Hawkish BoE Comments, Eyes Year-To-Date Highs

The British Pound (GBP) surged against the US Dollar (USD) on Wednesday, propelled by hawkish remarks from Bank of England (BoE) Chief Economist Huw Pill. Pill cautioned against hasty policy changes based on single data points, reinforcing expectations of further monetary tightening. Technical Outlook: Bullish Momentum Gains Steam The GBP/USD pair rebounded sharply from recent […]

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