Pound Sterling is Forecast to See Deeper Losses against the Euro and Dollar by Emboldened Bears
- Category: GBP
Pound Sterling's sharp drop against the Euro has emboldened the bears who see further losses ahead.
Pound Sterling's big reaction to an apparent switch in thinking at the Bank of England might be overdone.
Keir Starmer's 'shower of gloom' is being felt: the CBI and IoD report a slowing economy amidst deteriorating business confidence, which will pose risks to Pound Sterling's 2024 outperformance.
The pound is on track for its third weekly rise on the trot against both the USD and EUR and has recorded over 2-year highs against both peers this week.