the UK is in trouble, biggest squeeze since the 70s
The UK is suffering from the biggest living squeeze in recent years. The UK is still in the Brexit range that started in 2016 and we are more likely to go to 1.12-1-18 than heading to 1.50.
High inflation, high living cost, high food cost, higher oil prices, higher taxes are all not going away anytime soon, and at the same time, the BoE is forced to raise rates which can only equate to a further living squeeze.
I cannot see Boris or the tories surviving and expect the market to start to price in a Labour win in 2024....so two years of further falls in GBPUSD. Sell all rallies until we reach 1.18
High inflation, high living cost, high food cost, higher oil prices, higher taxes are all not going away anytime soon, and at the same time, the BoE is forced to raise rates which can only equate to a further living squeeze.
I cannot see Boris or the tories surviving and expect the market to start to price in a Labour win in 2024....so two years of further falls in GBPUSD. Sell all rallies until we reach 1.18