Pound is chasing leader. Forecast as of 29.02.2024

Due to the slowness of the Bank of England in reducing the interest rate, the active QT implementation and the high attractiveness of UK assets, the GBPUSD bulls took the initiative into their own hands. Let us discuss the Forex outlook and make up a trading plan. Weekly Pound fundamental forecast The strength of a currency depends not only on a strong economy but also on the attractiveness of the assets denominated in it. Just as the US dollar is supported by high demand for securities of American technology companies, the pound is supported by UK bond yields. It is higher... Read full author’s opinion and review in blog of #LiteFinance