US Pound Forecast Drops Below 1.36 as Traders Focus on Jackson Hole
The GBP/USD currency pair faced downward pressure, slipping below the 1.36 mark as market participants looked ahead to the Jackson Hole symposium. Last week saw the Pound hit a one-month high, driven by expectations that the Federal Reserve may implement more aggressive interest rate cuts compared to the Bank of England. Traders are keen on developments at Jackson Hole, which could further influence GBP/USD dynamics. As we approach the week ahead, keep an eye on economic indicators that may impact this pair.