Pound feels good. Forecast as of 23.11.2023

The UK Treasury's fiscal stimulus has satisfied the markets. It will both contain inflation and accelerate it. This frees up the Bank of England to continue its data-driven policy. Let us discuss the Forex outlook and make up a GBPUSD trading plan.

Monthly Pound fundamental forecast

When Liz Truss's government decided to announce fiscal stimulus at the end of 2022 amid the BoE monetary tightening, the pound collapsed to near parity against the US dollar. Now, Andrew Bailey does not rule out resuming the cycle of raising the Bank rate, but Chancellor of the Exchequer Jeremy Hunt believes that the… Read full author’s opinion and review in blog of #LiteFinance