Pound believes in itself. Forecast as of 04.02.2021

The rise in US Treasury yields and the potential dovish stance of the BoE contributed to GBPUSD and EURGBP pullbacks but did not radically change the balance of power in pairs. Let us discuss the Forex outlook and make up a trading plan.

Weekly pound fundamental forecast

The pound easily achieved the target set in the previous article and marked the best 4-month winning streak against the US dollar since 2012. The bets on the speed of vaccine spread in various countries are working, and even the pullback of GBPUSD and EURGBP, associated with expectations of the BoE's dovish stance, does not scare pound buyers.

Pound's winning streak against… Read full author’s opinion and review in blog of #LiteForex