GBPUSD Chart Technical Outlook

GBPUSD Chart Technical Outlook looking for Bullish momentum as Soft UK inflation raises hopes of BoE rate cuts.
Consumer prices decelerated well below expectations in November in the UK, with the yearly CPI dropping below the 4% threshold for the first time in two years.

These figures have put into question the BoE’s hawkish rhetoric, boosting hopes that the bank might start cutting rates as soon as May, which has pushed the Sterling lower across the board.

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