Pound bit off more than it could chew. Forecast as of 07.09.2023

In mid-summer, investors believed the REPO rate would rise to 6.25%, but its projected peak dropped to 5.75 % by the beginning of autumn. Meanwhile, BoE's comments on ending monetary restrictions harm the GBPUSD. Let’s discuss it and make a trading plan.

Weekly fundamental forecast for pound sterling

First, try, and then trust. The market ignores Andrew Bailey's saying that the REPO rate may not have to rise any further, just like it ignores Jerome Powell's statement that the fed funds rate may grow to 5.75%. The derivatives market still hopes for a repo rate hike, but if that doesn't… Read full author’s opinion and review in blog of #LiteFinance