The Bank of England was lagging behind the Fed in raising rates, but the situation has improved. The unexpected acceleration of UK inflation makes the BoE a hawk, and this contributes to the GBPUSD rally. Let’s look at the Forex outlook, and then we can make a trading plan.
Quarterly fundamental pound prediction
There are always options. The Bank of England is now in a difficult spot due to the acceleration of UK inflation over the past four months. If, amid the banking crisis, investors expected the end of the monetary tightening cycle, and as the situation stabilized, derivatives gave a 50% chance of… Read full author’s opinion and review in blog of #LiteFinance
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