Pound recovers from the shock. Forecast as of 31.08.2023

The trade shock ruined the UK economy. Due to the war in Ukraine, the energy crisis, and Brexit, wages, prices, and interest rates have risen. But gradually, the country comes to the norm. How does this affect the GBPUSD? Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

The UK domestic data send mixed signals, and the GBPUSD traders have nothing but to go with the flow. The UK economy grew faster than expected in the second quarter, consumer confidence increased, and government borrowing was significantly lower due to strong tax revenues. At… Read full author’s opinion and review in blog of #LiteFinance