Pound spares no effort. Forecast as of 06.07.2023
Market forecasts suggest that the Bank of England will spare no effort to curb high inflation. The Bank rate ceiling is estimated by investors at 6.25%, which, contrary to the Fed's pause, should support the GBPUSD bulls. However, it's not all that simple. Let us discuss the Forex outlook and make up a GBPUSD trading plan.
Weekly fundamental pound forecast
With the Bank of England willing to raise its repo rate to 6.25%, 125 basis points above current levels, and the regulator in other countries nearing the end of the monetary tightening cycle, it's a wonder the pound hasn't risen... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3NI8N7w
