Pound knows its interests. Forecast as of 05.01.2024

Will Reuters' forecast of 1.29 for GBPUSD have come true by the end of 2024? The pair is correcting on the revaluation of market values, and its future will depend on US jobs data. Let's discuss it and make a trading plan.

Fundamental forecast for pound for today

The pound will collapse — the statement of Amundi, the leading European asset manager, sounds terrifying. The company believes the Bank of England will hold the REPO rate at high levels, which the UK economy won't withstand. That reminds me of the beginning of 2023, when the BoE forecasted a long recession… Read full author’s opinion and review in blog of #LiteFinance