- GBP/USD is poised to move into the low 1.30’s – MUFG
Market news
11 July 2023
GBP/USD is poised to move into the low 1.30’s – MUFG
GBP/USD moves to within touching distance of the 1.3000 level for the first time since April of last year. Economists at MUFG Bank analyze the pair’s outlook.
Pound should continue to benefit from higher UK rates in the near term
The Pound should continue to benefit from higher UK rates in the near term until evidence begins to emerge that the UK economy is slowing more in response to much higher rates.
Cable is poised to move into the low 1.3000’s.
See: GBP/USD looks set to extend to 1.30 in this soft Dollar environment – ING
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page