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British Pound Forecast: US Dollar Weakness Supports GBP/USD Recovery

GBP/USD has rallied by nearly five big figures from its mid-May low as the US dollar fades lower on pared-back rate hike expectations.

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British Pound Forecast: GBP/USD Rallies on Positive UK Data, US Dollar Weakness

GBP/USD is up over 2 big figures on the week as Sterling continues to battle back from its recent two-year low.

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British Pound Forecast – Sterling Has a Shocking Week

The British Pound slumped further this week after the Bank of England (BoE) warned that UK growth may turn negative next year.

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British Pound Forecast: Cable Near-Term Trading Bias Hinges on FOMC, BoE Guidance

The FOMC and the BoE will announce their May monetary policy decisions this week. Both banks are seen raising rates, but guidance regarding future moves will be more important for GBP/USD.

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British Pound Forecast – The Bank of England is Walking a Tightrope

Next week the Bank of England have to show the market that they are in control of runaway inflation and sagging growth. And that’s not an easy task.

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