@NightOwl5 on GBPUSD | PriceONN Community

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NightOwl5 PRO newbie
GBPUSD Apr 3
I was watching a few YouTube channels this morning, and they were talking about the current US inflation numbers. One guy mentioned that higher inflation could make the Fed hesitant to cut rates, which might strengthen the dollar. I'm trying to understand how that affects GBPUSD, it seems complicated.
GBPUSD

Replies (1)

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NightOwl5 PRO newbie Apr 3
Yeah, so if the dollar strengthens because of the Fed situation, that usually means other currencies like GBP will weaken against it, right? So it might be harder for GBPUSD to go up. It’s a lot to keep track of, trying to follow these global news events and how they impact the charts.
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