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GBP/USD Weekly Forecast: Fed and BoE to Decide Pound’s Fate

Started by forex4you, May 01, 2022, 10:07 am

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May 01, 2022, 10:07 am
GBP/USD Weekly Forecast: Fed and BoE to Decide Pound's Fate

GBP/USD lost 2.5% last week, plunging to 22-month lows. COVID restrictions in China keep the risk sentiment deteriorating. BoE and Fed’s policy divergence will keep the Sterling under pressure. The GBP/USD weekly forecast remains bearish. The pair fell to its lowest level since July 2020 at 1.2410, as last week’s selling spiral gained momentum. In … Continued


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