The British Pound Doomed to Collapse. Forecast as of 01.08.2024

The British pound, once under the spotlight, is falling now. The global economy and rumors that the Bank of England will cut interest rates are to blame. The Chancellor of the Exchequer's speech may also have a negative impact on the GBPUSD. Let's discuss this topic and make a trading plan. Highlights and key points The global economic slowdown is pushing the GBPUSD down. Chances of a repo rate cut in August have risen sharply. Labor's tax hike will destroy the British pound. The