UK inflation beat analyst expectations in July, negating the odds of another interest rate cut in 2025.
Analysts at NatWest see the Pound being supported by the Bank of England's policy shift and think bond market pressures should remain contained.
GBP/USD predicted to surpass 1.60 and GBP/EUR 1.30.
Pound Sterling Bolstered by GDP Rebound
- Category: GBP
The British Pound was given another shot of support after the ONS said the UK economy rebounded in June while, figures for the second quarter were firmer than expected.