The Pound has been on a steady depreciation in the exchange rate against the USDollar and seems that the downward path in GBP/USD will continue also factoring in the Interest rate differential between Sterling money market rates and Fed Fund rate.
Could be possible to see GBP/USD 1.15 in a prolonged murky period of institutional instability in the UK, that will determine weak fiscal policy, and below potential economic output.
Could be possible to see GBP/USD 1.15 in a prolonged murky period of institutional instability in the UK, that will determine weak fiscal policy, and below potential economic output.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.