Pound's Remarkable Turnaround. Forecast as of 16.07.2026

Politics was no friend to the GBP/USD pair, yet the pound still found a way to benefit from the change of prime minister. The new government is expected to stick to the same fiscal framework, providing support for the currency. Let's discuss these topics and develop a trading plan.Major Takeaways Speculation over a new Chancellor boosted the pound. The narrowing of the risk premium is driving the GBP/USD rally. Divergence in monetary policy is benefiting the pound. Consider buying the GBP/U