Pound revealed a secret. Forecast as of 09.11.2023

If rates have reached a peak, we need to figure out when they will start dropping, which central banks don't like: market expectations of a "dovish" turn make their life complicated. Let’s discuss that and make a trading plan for GBPUSD.

Weekly fundamental forecast for pound sterling

Central banks are at the finishing line of monetary restrictions and ready to start "hawkish" talks to protect markets against rate-cut expectations, which would loosen financial conditions and prevent them from efficiently fighting inflation. The Fed and the ECB proclaim loudly that borrowing costs will remain on a long-lasting plateau. So, the BoE… Read full author’s opinion and review in blog of #LiteFinance