Pound to Get Support from Carry Trade. Forecast as of 26.09.2024

The rapid GDP growth in the UK and the slow pace of the Bank of England's monetary policy allow traders to buy the GBPUSD pair. In addition, carry traders are providing support to the British pound. Let's discuss these topics and make a trading plan.Highlights and key points The OECD has significantly raised its GDP growth forecasts for the UK economy. The Bank of England intends to reduce the repo rate slowly. The use of the British pound in carry trade will benefit the currency. The GBPUSD pai