$GBPUSD Forex Signal: $GBP Upside Remains Amid Hawkish Bailey -
The British pound maintained its bullish trend after the UK published strong jobs numbers.
The next key driver for the GBP/USD pair will be the upcoming UK consumer and producer inflation data. Like all countries, analysts believe that the country saw elevated inflation in June as the cost of food and energy surged. Excluding the volatile food and energy products, analysts expect that the country’s inflation retreated from 5.9% to 5.8%. These numbers will be substantially higher than the Bank of England’s target of 2.0%.
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