Market Analytics and Considerations
Key Notes
The GBP/USD pair is struggling to get past the 1.2150 region. In the coming year, Our economists predict that the duo will once again trade between 1.15 and 1.18.
Horizon for 2023 continues to be difficult
The UK will not have many advanced content over the next 2 weeks due to the several strikes there, and tomorrow’s initial GDP report is not expected to have a significant market impact. Before the first week of January, there will be no planned Bank of England presenters.
As a recessionary climate and sensitivity to market instability may prompt a reversion to the 1.15-1.18 band in Cable, “we tend in seeing largely potential losses for the Pound in the new year.
GBP/USD may remain in the range of 1.2100-1.2250 during this holiday season.
