Pound Edges Higher as UK Secures Deal with US. Forecast as of 16.05.2025
The Bank of England's reluctance to act has sent GBPUSD quotes fluctuating significantly. However, central banks are not the primary drivers in the Forex market. The trade agreement between the US and the UK carries significantly more weight than the Bank of England's verdicts. Let's discuss this topic and make a trading plan.Major Takeaways The Bank of England is in no hurry to lower the repo rate. Growing global risk appetite supports the pound. The UK managed to secure minimal tarif