With a more Fundamental approach that was revealed recently, this is my own personal forecast going forward with this pair.
- Cutting NI tax
- Consumer prices slowly coming back down
- Energy costs coming down
We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries.
I think we will see a new range of consolidation until later news reports reveal the growth of the GBP but before that point, I feel some market manipulation will occur so the Big Players can buy GBP at a much cheaper cost.
*The path drawn isn't to scale, the path is more for the bigger picture of things that we would see on the 4h or Daily TF*
- Cutting NI tax
- Consumer prices slowly coming back down
- Energy costs coming down
We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries.
I think we will see a new range of consolidation until later news reports reveal the growth of the GBP but before that point, I feel some market manipulation will occur so the Big Players can buy GBP at a much cheaper cost.
*The path drawn isn't to scale, the path is more for the bigger picture of things that we would see on the 4h or Daily TF*