Pound counts on foreign drivers. GBPUSD forecast as of 12.10.2023

There are always two currencies in any pair. No matter how weak the UK economy is, a GBPUSD rally is possible amid a drop in US Treasury yields. Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

The pound is playing foreign drivers. The GBPUSD bulls take advantage of a drop in Treasury yields and do not notice negative news on the UK economy. Otherwise, the pound versus the US dollar would have risen higher. However, other currencies also strengthen under these circumstances.

The latest IMF forecasts have once again convinced that the UK… Read full author’s opinion and review in blog of #LiteFinance