Pound: the worst to come. Forecast as of 27.09.2023

Within a year, the GBPUSD price almost reached parity, soared to a 16-month high, and then collapsed to a six-month low. What’s next? Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

No matter how hard the Bank of England tried its best, trying to ape the Fed’s hawkish pause and prove that the monetary tightening cycle has not been completed yet, investors were not convinced. The halt after 14 consecutive rate hikes looks like the end of monetary restriction, and Andrew Bailey’s statements about its possible continuation are perceived as a bluff…. Read full author’s opinion and review in blog of #LiteFinance