Hey! Cannae believe that GBP/USD is soaring as such!! 😮
Many investment banks indicated this is because of the effect of the
newly distributed vaccine. ... I am still sceptical about the
improvement of economic activity because it is really difficult to think
that Brexit has induced such a rapid short term recovery (though it
might be plausible to say Brexit does in the relatively longer term)!
Well, this is a really tricky moment to forecast. Although some
investment banks have predicted GBP/USD to be around 1.42, Bank of England still
alludes possibly implementing a negative interest rate causing to
depreciate GBP value at least for a short run.
