Pound burnt its wings. Forecast as of 11.05.2023
When you get close to the sun, you can burn your wings. This could be the case with the pound. It is still a G10 leader, but things could change soon. Unless the BoE supports the GBPUSD, the pair will be down. Let us discuss the Forex outlook and make up a trading plan.
Weekly fundamental pound forecast
The GBPUSD surge to yearly highs has attracted more bulls. Citigroup is revising its previous bearish forecasts for the pound, noting that the UK PMI turned out to be significantly better than expected. Indeed, the UK Economic Surprise Index rose to its... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/44TONa3
