GBP/USD sells in positive territory and continues to approach 1.1400. However, in the opinion of economists at MUFG Bank, gains might only be temporary.
“The removal of political instability in the UK is certainly a positive and could over the short-term provide some further support for the pound. However, we suspect gains could be brief and would caution over how much further this news can lift the pound.”
“The pound is already at levels that existed prior to the lurch into political uncertainty and the tax rises/spending cuts that are coming will mean the UK will be hit by a deeper recession than elsewhere.”
“IMM positioning data showed to last Tuesday Leveraged Funds were GBP sellers as PM Truss began to lose her grip on power and political turmoil escalated. So, it is certainly plausible we get a further temporary lift but we would emphasize the word ‘temporary’.”
This Post Has 4 Comments
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
Hello there! Do you know if they make any plugins to help
with SEO? I’m trying to get my blog to rank for some targeted keywords but
I’m not seeing very good results. If you know of any please share.
Kudos! You can read similar text here: Eco product
Wow, marvelous weblog structure! How long have you been running a
blog for? you make running a blog look easy.
The whole glance of your site is great, as well as the content material!
You can see similar here sklep online
Your article helped me a lot, is there any more related content? Thanks! https://www.binance.info/pt-BR/join?ref=OMM3XK51