The British pound’s advantages are still in place, but the recent correction in US stock indices and the Trump trade has triggered a pullback in the GBPUSD pair. It is unclear how long this trend will persist. The latest PMI data seem to have dragged the pound to the bottom. Let’s discuss this topic and make a trading plan.
Highlights and key points
The GBPUSD pullback was due to the Trump trade and the S&P 500 correction.
Robust PMI data show that the pound still has upside potential.
Political stability allows the Bank of England to take its time.
The… Read full author’s opinion and review in blog of #LiteFinance
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