Pound Mistakes Twice. Forecast as of 05.09.2024

The markets are overestimating the pace of the Federal Reserve's rate cuts and underestimating the extent of the Bank of England's monetary expansion. The future trajectory of the GBPUSD pair will be determined by fiscal policy in the US and the UK. Let's discuss these factors and make a trading plan.Highlights and key points Restrained fiscal policy could significantly slow inflation in the UK. The Bank of England will be forced to shift from a cautious approach to a more decisive one. A faster