The pound has fallen 25% against the US dollar since the beginning of June 2021, and it continues to fall.
The UK government recently announced the most radical tax cut package, raising analyst concerns about the country's rising debt and further inflation.
Moreover, the Bank of England only raised interest rates by 50 basis points. The Fed, in its turn, increased interest rates by 75 basis points.
The GBPUSD fall is likely to continue, and soon the GBP/USD parity may become true.
This content is for informational purposes only and is not intended to be investing advice.
