• GBP and CAD set to struggle in the medium term – Wells Fargo

Noticias del mercado

28 junio 2023

GBP and CAD set to struggle in the medium term – Wells Fargo

Economists at Wells Fargo remain somewhat hesitant on the medium term prospects for the British Pound and Canadian Dollar.

Aggressive BoE easing next year should restrain the UK currency

For the Pound, we expect that the Bank of England's restrictive monetary policy will not prove supportive given slow growth and elevated inflation, while aggressive BoE easing next year should also restrain the UK currency. 

For the Canadian currency, slowing growth, lower commodity prices, and substantial monetary easing should also limit the extent of Canadian Dollar gains versus the greenback next year.

 

Enfoque del mercado
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 disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: