Pound achieved success. Forecast as of 25.01.2024

The slowness of the Bank of England helps GBPUSD, which is reasonable. The economy is recovering and price pressures are easing very slowly. Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

The strength of the UK economy is helping the pound challenge the US dollar for the top spot among G10 currencies. Investors ignored retail sales, which fell by 3.2% MoM in December. Most likely, the negative dynamics are due to active consumer purchases on Black Friday in November. It does not mean that the economy went into recession. Data on business activity confirmed… Read full author’s opinion and review in blog of #LiteFinance