Pound is set back. Forecast as of 21.12.2023

A drop in US stock indices and expectations for an earlier lowering of the BoE than previously suggested encouraged the GBPUSD bears to go ahead. Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

High expectations lead to great disappointments. At the start of the week ending December 22, the derivatives market predicted a reduction in the Bank of England’s interest rate by 90 basis points in 2024. Next, after the release of UK inflation data for November, the expected rate cut accounted for 140 basis points. This is approximately the same as… Read full author’s opinion and review in blog of #LiteFinance