Pound may collapse against dovish BoE decision. Forecast as of 20.06.2024

The Bank of England does not play political games and will not give a hand to the ruling party. At the same time, the repo rate cut to 5% from 5.25% is unlikely to save the Conservatives from defeat. Let's discuss these topics and make a trading plan for GBPUSD.Weekly fundamental forecast for pound sterlingThe UK has become the first coutry to bring inflation back to the 2% target, but the Bank of England will not cut the repo rate at its June meeting. The BoE should thank the Prime Ministe