Uncertainty surrounds GBP/USD as Boris Johnson’s future hangs in the balance following the “partygate” scandal.
An improved economic outlook, and growing expectations that the BOE will raise interest rates at their February meeting, helped GBP/USD get off to a strong start to 2022. However, the pair has been pulling back over the last few days as markets continue to price in the prospect of more rate hikes by the Fed this year.
Will political turmoil push GBP/USD lower, or can the rally continue as we head into the BOE’s next meeting?
Check out our latest article for an-depth analysis into this popular currency pair: