BUY GBPUSD Bull Trend is a friend (CHANGE PAST ANALYSIS)
According to Bank of England forecasts, Britain's economy is seen growing by 7.25% in 2021, before slowing in 2022 to return to its slow, pre-pandemic pace. Meanwhile, Governor Andrew Bailey said earlier this week that he does not see inflation causing a serious problem in the medium to long-term. For the month, the currency headed for a 2.6% monthly gain against the USD, on the prospect of a strong economic recovery helped by the ongoing re-opening efforts and the rapid pace of COVID vaccination.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.