According to To what will the GBP/USD react to the 'portaged' inquiry today?

in #tradinng2 years ago

As the US Federal capital plans to tighten monetary policy at a more combative pace, the dollar index is actively growing against reserve currencies and GBP.

Accordingly, we still comply with the previous forecast for the GBP USD pair - a decline in the area of 1.3200, followed by an overcome to the dynamic resistance zone of the downtrend.
The GBP has been showing signs of flexibility today, after hitting a five-week low on Friday. The USD resilience last week after the Federal Reserve meeting pushed interest rate markets to price 5 backpacking in 2022.

British Prime Minister Boris Johnson is planning to disclose the Brexit Freedoms Bill', aiming to remove or enhance European Union established ways that were copied into the country's law before it left the EU. This will mark the two-year anniversary of appropriating Brexit Done and will cut £1 billion of red tape for businesses to augment the benefits of Brexit. Another aspect however that could possibly lift the GBP in 2022, according to strategists, would be Boris Johnson's departure after a series of scandals, counting the most recent 'Partygate' scandal. All eyes are on the Sue Gray report investigating the Prime Minister's crisis in lockdown parties, which was released today.

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