Pound consolidates in narrow range. Forecast as of 13.06.2024

The futures market is pricing in one rate cut from the Bank of England and the Fed, with a low probability of a second easing. This offers no advantage to GBPUSD bulls or bears. The pair needs new drivers. Let's discuss this topic and make a trading plan.Weekly fundamental forecast for pound sterlingThe Bank of England may follow the ECB in cutting interest rates from 4% to 3.75%. Andrew Bailey's statement about the beginning of monetary expansion will likely come true. However, the BoE is in no