Pound found a gold mine. Forecast as of 13.07.2023

The Bank of England plans to raise rates more than the Fed, the market thinks, feeling euphoric about the victory over the US central bank. The monetary policy divergence pushes the GBPUSD quotes up. Let’s discuss it and make a trading plan.

Monthly fundamental forecast for pound

The divergence between monetary policies is doing its job: the GBPUSD quotes have grown above the psychologically important level of 1.3 for the first time in more than one year amid market expectations of a 150-point REPO rate hike to 6.5% and a modest fed funds growth by as little as 25 basis… Read full author’s opinion and review in blog of #LiteFinance