GBP/USD
The fundamental negative around the pound is getting stronger. London and Brussels are once again in conflict over «Northern Irish Protocol». Four increases in the key rate did not give any positive effect. Now even Andrew Bailey is talking about a possible shortage of food − the head of the BOE suggests inflation will rise to 10.25%. So the short-term upward trend is again not relevant.
The fundamental negative around the pound is getting stronger. London and Brussels are once again in conflict over «Northern Irish Protocol». Four increases in the key rate did not give any positive effect. Now even Andrew Bailey is talking about a possible shortage of food − the head of the BOE suggests inflation will rise to 10.25%. So the short-term upward trend is again not relevant.