Pound will say the final word. Forecast as of 07.12.2023

Despite the drop in the GBPUSD, the divergence in monetary policy still has its impact. The slowness of the Bank of England supports the pound. On the other hand, the US dollar looks oversold. Let us discuss the Forex outlook and make up a trading plan.

Weekly Pound fundamental forecast

Should investors change their minds when facts change? Back in late November, global risk appetite was excessively high, and expectations of soft landings for the US and European economies allowed investors to be optimistic about the future of global GDP. As a result, pro-cyclical currencies such as the euro and… Read full author’s opinion and review in blog of #LiteFinance