Pound finds drawbacks. Forecast as of 17.08.2023

The reports on UK employment and inflation let the derivatives market raise the expected BoE rate ceiling to 6%. The pound stopped falling. Will it resume rising? Let us discuss the Forex outlook and make up a GBPUSD trading plan.

Weekly Pound fundamental forecast

Why is GBPUSD not rising? It would seem that the record increase in average wages, the acceleration of the UK inflation in the service sector, and the increase in the expected BoE rate ceiling to 6% should have boosted the pound against the US dollar. However, the sterling continues to stagnate. In Forex, the efforts of both… Read full author’s opinion and review in blog of #LiteFinance