The BoE-Fed policy divergence is dragging GBPUSD lower. A weaker pound is a pro-inflationary factor for the UK. The US dollar recorded its best daily performance since early March, thanks to a hawkish surprise from the Fed. Nine FOMC members indicated in their forecasts that one or more federal funds rate hikes would occur in […]The post The Pound: A More Challenging Task for the BoE appeared first on ActionForex.