Will the Pound Lose Ground? Forecast as of 30.08.2024

The British pound sterling has grown against the US dollar to its highest in 2.5 years, strengthening its leadership in the G10 currency race. Still, are the GBPUSD bulls feeling that good? Let’s discuss it and make a trading plan.Highlights and key points Renewed carry trade supports the pound sterling. Things might worsen before they get better in the UK.  BoE will have to cut rates faster than markets expect. GBPUSD's failure to hold above 1.316 is a reason for selling.Weekly funda