The market is underestimating the likelihood of a repo rate hike at the Bank of England's meeting on September 17. A surprise move by the regulator could support the GBP/USD, allowing the pair to recover in the short term.
The market is underestimating the likelihood of a repo rate hike at the Bank of England's meeting on September 17.
A surprise move by the regulator could support the GBP/USD, allowing the pair to recover in the short term.
However, political and fiscal risks could ultimately weigh heavily on the pound.
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The market is underestimating the likelihood of a repo rate hike at the Bank of England's meeting on September 17. A surprise move by the regulator could support the GBP/USD, allowing the pair to recover in the short term. However, political and fiscal risks could ultimately weigh heavily on the pound.
The pound is not factoring in the risks associated with the new budget.
Let's analyze the current situation and develop a trading plan. Major Takeaways UK inflation has accelerated to 3.1%. Short positions can be opened with targets of...
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