The Bank of England does not play political games and will not give a hand to the ruling party. At the same time, the repo rate cut to 5% from 5.25% is unlikely to save the Conservatives from defeat. Let’s discuss these topics and make a trading plan for GBPUSD.
Weekly fundamental forecast for pound sterling
The UK has become the first coutry to bring inflation back to the 2% target, but the Bank of England will not cut the repo rate at its June meeting. The BoE should thank the Prime Minister for keeping borrowing costs at 5.25%. With parliamentary… Read full author’s opinion and review in blog of #LiteFinance
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