Pound is undervalued. Forecast as of 02.11.2023

While investors expect the BoE to signal a dovish turn, the GBPUSD is under pressure. However, most of the negative must have been priced in the pair's price. Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

The Bank of England will have to give more arguments in favor of keeping the Bankrate at the same level than the Fed did. Investors are looking for dovish signals from Andrew Bailey, which is putting pressure on the pound. The UK economy looks too weak, and the parliamentary elections in 2024 require new stimulus from… Read full author’s opinion and review in blog of #LiteFinance