GBP/USD forecast: pound sterling outlook as the DXY index spikes

The GBP/USD pair continued plunging last week as the US dollar index (DXY) surge gained steam. It retreated to 1.2445, its lowest level since November last year as hopes of swift interest rate cuts by the Fed faded. UK inflation numbers ahead The GBP/USD pair joined other forex majors in a major dive last week […]