British Pound (GBP) Outlook – GBP/USD Driven Higher by the US Dollar, Where Next?

GBP/USD – Prices, Charts, and Analysis

  • Attention is already turning to the mid-December central bank bonanza.
  • Sterling needs to do some work of its own.
  • November NFPs take the edge of GBP/USD.

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Most Read: British Pound Latest – GBP/USD Prints a Fresh Multi-Month High

The financial markets have given UK PM Rishi Sunak a fairly easy start to his time at No.10 so far but with the ghosts of Liz Truss and Kwasi Kwarteng now fully in the past, Sterling is going to need some positive news if it is to continue its recent rally. And with little UK economic data or events next week to help the Pound then traders will look towards the December 15 Bank of England MPC meeting for the next potential driver.

The UK is not the only central bank announcing its latest policy decision in mid-December with the Fed meeting on December 14, while the ECB, the Swiss National Bank, and the Norges…

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