The GBP/USD pair is expected to face challenges due to the dominant US Dollar. The strength of the US Dollar has been a key factor in the forex market and its influence on the GBP/USD pair will be pivotal in determining the future trajectory of the British Pound.
The EUR/GBP pair, on the other hand, is tasked with maintaining its multi-month range. The stability of this pair will be crucial for the overall health of the British Pound in the global currency market.
Lastly, the GBP/JPY pair could potentially be swayed by a bullish Bank of Japan. The Japanese central bank’s monetary policy and its impact on the Yen will significantly affect this currency pair.
In conclusion, all three Sterling-pairs: GBP/USD, EUR/GBP, and GBP/JPY, are expected to be influenced by various factors including the Bank of England’s interest rates, a dominant US Dollar, maintaining multi-month ranges, and a bullish Bank of Japan. These factors will play a crucial role in shaping the Q4 performance of the British Pound.
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