Pound: overreact or not? Forecast as of 03.02.2022

A busy end of the week, including meetings of the Bank of England and the ECB and the release of the US jobs report, provides an opportunity to trade the news. How will GBPUSD and EURGBP react to the decisions of central banks? Let us discuss the Forex outlook and make up a trading plan.

Pound fundamental forecast for today

The Bank of England is on the verge of the first consecutive increase in borrowing costs since 2004 at two MPC meetings in a row. The pound is waiting for new details from the regulator. It's hard to imagine sterling strengthening… Read full author’s opinion and review in blog of #LiteForex