Pound Rebounds from Bottom. Forecast as of 25.07.2024

The British pound's advantages are still in place, but the recent correction in US stock indices and the Trump trade has triggered a pullback in the GBPUSD pair. It is unclear how long this trend will persist. The latest PMI data seem to have dragged the pound to the bottom. Let's discuss this topic and make a trading plan.Highlights and key points The GBPUSD pullback was due to the Trump trade and the S&P 500 correction. Robust PMI data show that the pound still has upside potential. Politi