Forex (SPOT)Premium

GBPUSD: Intraday Forecast & Setup update

The pound was little changed on Monday, hovering near its lowest level in a month after investors last week ramped up their bets that the Bank of England will cut interest rates in June.

The pound dropped about 1% against the dollar last week after the Bank of England held interest rates at 5.25% on Thursday and Bailey said inflation is moving in the right direction for interest rate cuts.

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