Pound disappointed. Forecast as of 03.08.2023

The Sterling has been the G10 top performer for a long time, but things are changing. Unfavourable environment and the BoE interest rate ceiling, which is expected to be too high, press the pound down. Let us discuss the Forex outlook and make up a GBPUSD trading plan.

Weekly fundamental pound forecast

The less expectations, the more opportunities. The pound made full use of this principle and used to be the G10 top performer for a long time as the UK economy managed to avoid a recession. The GBPUSD rally was also supported by the expectations of an increase in the… Read full author’s opinion and review in blog of #LiteFinance