Due to the energy crisis, European currencies feel extremely uncomfortable. The pound is no exception. After the May Fed meeting, the pressure on the GBPUSD bulls subsided. However, has the black streak ended? Let us discuss the Forex outlook and make up a trading plan.
Weekly pound fundamental forecast
The Bank of England is set to mark its 25th anniversary of independence with a fourth consecutive rate hike by 25 basis points. However, this does not have a particularly positive effect on the GBP. The rise of GBPUSD above 1.26 was due to profit-taking on dollar trades after the Fed meeting. Sterling succumbed… Read full author’s opinion and review in blog of #LiteFinance