On Thursday, the British pound against the US dollar is trying to grow. The current quote is 1.2117.
The British statistics yesterday was cheerful. The CBI retail sales balance in December grew to 11 points from -19 points, while it had been expected to drop to -24 points. This is good news for the economy, though it has to be confirmed officially.
Over 2022, the pound has dropped by 11% against the USD and by almost 4% against the EUR. Over the nearest months, the GBP might remain quite weak.
For the pound to start growing, the following conditions should be met:
If at least some of these conditions get fulfilled, the pound will get a strong foothold.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.