Pound sterling decelerates. Forecast as of 17.10.2024

For much of the year, the pound sterling was the top-performing G10 currency due to the Bank of England's measured response to inflation. However, as the BoE neared its inflation target, the balance of power on Forex shifted. Let's discuss this topic and develop a trading plan for the GBPUSD pair.Highlights and key points The British wage rate has fallen below 5%. Inflation has dropped below the 2% target for the first time in three years. The odds of BoE's two monetary expansion rounds in