
The Bank of England is often as responsive to changing economic conditions as the Federal Reserve, but the UK economy remains weaker than that of the US. At the same time, the UK currency faces additional uncertainty ahead of the Labour government’s budget announcement. Let’s examine the current market environment and develop a trading plan for the GBP/USD. Major Takeaways The strength of the US economy is limiting the GBP/USD pullback. The Bank of England is in no hurry to raise rates. Expectations surrounding the UK budget are weighing on the pound. Short positions can be opened with targets of… Read full author’s opinion and review in blog of #LiteFinance
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