Posted 3/19/2024, 2:52:41 PM
Pound Slips Ahead of Fed, BoE Meetings; UK Inflation Data Also Eyed
- British Pound has slipped below $1.27 ahead of Fed and BoE meetings this week
- Dollar has gained support from expectations that Fed will delay rate cuts until June at the earliest
- BoE not expected to change policy but voting split will be important to watch
- UK inflation numbers on Wednesday could impact Pound if higher than forecast
- GBP/USD in broad trading range since November but recent uptrend from February lows remains intact