Pound is deadlocked. Forecast as of 02.02.2023

No one can confidently say how the BoE will act in February. Inflation is above 10%, which is pushing the central bank to raise interest rates aggressively, but the economy is weak. Let us discuss the Forex outlook and make up a GBPUSD trading plan. Fundamental pound forecast today A weak economy, high inflation, and a dispute among the BoE members. It seems that the UK is watching the same first act of the play while the US has already moved on to the second. It doesn't matter that the BoE started the monetary tightening cycle earlier than the Fed... Read full author’s opinion and review in blog of #LiteFinance