Sell Pound, Buy Swiss Franc With Target 1.10 As BoE To Cut June: HSBC
Sell Pound, Buy Swiss Franc With Target 1.10 as BoE to Cut June: HSBC
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Sell Pound, Buy Swiss Franc With Target 1.10 as BoE to Cut June: HSBC
After a strong rally on Tuesday, the British Pound has been unable to make further significant headway, but the Pound to Dollar (GBP/USD) exchange rate has managed to hold gains to trade around 1.2450.
Sterling rose versus the dollar and the euro as investors assessed the Bank of England's monetary policy path after recent mixed signals from policymakers. The pound dropped late last... -April 25, 2024 at 05:24 am EDT - MarketScreener
The managing director of the International Monetary Fund has urged central banks not to succumb to political pressure to cut interest rates early.
The U.K. economic environment remains challenging, with Q3 GDP contracting slightly and the fourth quarter starting on a subdued note. Even with some improvement in consumer fundamentals and sentiment surveys, we believe a mild technical recession for the U.K. remains more likely than not.