Pound Loses Ground Against Greenback. Forecast as of 12.09.2024

The pound sterling is trying to use its advantages, but they are no longer relevant. The UK economy is expanding. However, wages are decelerating. Why does the Bank of England delay a repo rate cut? Let's discuss this topic and make a trading plan for the GBPUSD pair.Highlights and key points UK's economy may lose its G7 leadership. Markets are overly optimistic about BoE's slowness. Reassessment of Fed rate outlook drags the GBPUSD pair down. The British pound risks falling to $1.295 in the nea