GBP/USD Q3 TECHNICAL OUTLOOK: BULLISH HEADWINDS ACCUMULATE FOR C

30 ביוני

GBP/USD has exhibited significant volatility in the second quarter, yet it is concluding June near its April 1st opening level. Sterling experienced appreciation against various currencies in late April, but this momentum has subsided as the UK election approaches. Over the past month, the US dollar has been a key driver of GBP/USD movement, with the Federal Reserve maintaining interest rates due to persistent inflation. Given the expectation that the UK will implement interest rate cuts before the US, coupled with uncertainty surrounding the upcoming UK election, GBP/USD is likely to face challenges