Will GBP act as hero? Forecast as of 17.01.2024

Unexpectedly strong UK inflation data helped GBPUSD reach the bottom. Before its release, there was a lot of discussion about the slowdown in consumer prices, which put pressure on the pound. Will GBP be able to compete with the US dollar? Let us discuss the Forex outlook and make up a trading plan.

Weekly British pound fundamental forecast

At the turn of 2023-2024, the pound reached a 5-month high against the US dollar thanks to rising global risk appetite and expectations of a slower rate cut by the Bank of England compared to the Fed. When UK inflation is higher than in… Read full author’s opinion and review in blog of #LiteFinance