Pound skating on thin ice. Forecast as of 19.10.2023

The caution of the Bank of England, stagflation in the UK, and the crisis in the Middle East are pressing the pound down. Following a short correction up, the GBPUSD resumed falling and will hardly turn up in the near future. Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

The Bank of England will hardly be satisfied with the stabilization of inflation at elevated levels and the growth of wages in the UK close to a record. The most aggressive monetary tightening in decades is not working. Further raising the interest rate… Read full author’s opinion and review in blog of #LiteFinance