Pound is to pay. Forecast as of 29.06.2023

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The market expectations of a rise in the Bank rate to 6.25% should have strengthened the sterling in. However, investors are gradually realizing what aggressive monetary restrictions can lead to. Let us discuss the Forex outlook and make up a GBPUSD trading plan.

Weekly fundamental pound forecast

Everything has its price. Investors believe that the Bank of England will face a recession as the price for the victory over high inflation. The higher goes the interest rate, the longer and deeper will be the recession. The price is too high, and it weakens the pound. Although the interest rate was… Read full author’s opinion and review in blog of #LiteFinance

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