The strengthening of the US dollar and the negative news on the sterling contributed to the fall of the GBPUSD pair. Nevertheless, the latest UK macroeconomic data are encouraging, but BoE officials still act cautiously. The situation may change in December. Let us discuss the market outlook and make up a trading plan.

Weekly pound fundamental forecast

What could cause inaction? Is it due to lack of data, COVID-19, bad weather, or upcoming Christmas? As the Bank of England’s last meeting on December 16 approaches, markets are less confident that the regulator will raise the interest rate. Since gaining independence, it has not hiked… Read full author’s opinion and review in blog of #LiteForex