GBP will continue to benefit from supportive yield differentials – Credit Suisse

Market news

12 July 2023

GBP will continue to benefit from supportive yield differentials – Credit Suisse

Economists at Credit Suisse discuss British Pound (GBP) outlook.

GBP/USD to target 1.3000 and EUR/GBP 0.8450 near term

We think GBP will continue to benefit from supportive yield differentials and are not subscribers to the view that it should be sold due to either negative real rates in the United Kingdom or because the economy could eventually suffer a major slump.

We continue to target GBP/USD 1.3000 and EUR/GBP 0.8450 near term.

See: GBP/USD is poised to move into the low 1.30’s – MUFG

Portugal Consumer Price Index (MoM) above forecasts (0.2%) in June: Actual (0.3%)

BoC Preview: Any benefit for CAD from a rate hike is unlikely to be sustained over the medium term – MUFG

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