Will the pound have enough courage? Forecast as of 28.04.2023
If the Fed can turn dovish, why shouldn't the BoE do the same? The UK is experiencing higher inflation rates than the US, which forces the Bank of England to raise rates. The recession is somewhere near too. Let’s discuss that and make a trading plan for GBPUSD.
Monthly fundamental forecast for pound
Concerns about recession in the USA dropped the USD index by 11% from 20-year highs. High inflation rates will allegedly urge the Fed to continue tightening, ultimately resulting in a recession. However, the UK inflation is higher than in the US and the eurozone, and the derivatives... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3ACjfHS
