TagUK economic

Trading the GBP/USD short in 2023 is a top 2023 trade. UK economic headwinds and technical hurdles await

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Due to prudent fiscal policy measures taken by PM Sunak and Chancellor Hunt, the British Pound has recovered for the end of 2022. This coincided with some degree of U.S. Dollar weakness and improving global sentiment, which has since been dented by growing recessionary fears for 2023. My bias for U.S. Dollar appreciation against the British Pound comes from the economic headwinds facing the U.K...

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