Pound goes with the flow. Forecast as of 05.10.2023

The GBPUSD is going down despite the positive UK economic reports and the BoE's hawkish stance. The price dropped to a six-month low and might fall deeper. Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

Even though the UK domestic data are quite positive, the negative news from abroad presses down the sterling. The pound versus the US dollar rebounded from a six-month low only because of a weaker-than-expected ADP US jobs report. The Treasury yield went down while the GBPUSD soared. Will the bulls go further?

According to the Office for… Read full author’s opinion and review in blog of #LiteFinance