GBP/USD: forecast for August 7-11, 2017

GBP/USD was rejected down from 1.3250. The Bank of England kept interest rates at record lows and lowered its growth and inflation forecasts. The central bank cut 2017 GDP growth forecast from 1.9% to 1.7%. It now sees inflation at just under 2.6% in a year's time after peaking around 3% in October.



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