Pound Struggles to Extend Upside Against Greenback. Forecast as of 20.03.2025

The GBPUSD rally was driven by the US dollar's weakness and an underestimation of the UK economy. Will the pound regain its position above 1.3, or will the recent tariffs implemented by the US administration hinder its progress? Let's discuss this topic and make a trading plan.Major Takeaways The Bank of England will keep the repo rate at 4.5%. Investors do not believe that Trump's policy will boost US GDP. The scope of monetary expansion in the UK is lower than in the US. Short trades can be co