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Deutsche Bank no longer thinks GBP is attractive. Also, expects a dovish BoE surprise.

Deutsche Bank no longer thinks GBP is attractive. Also, expects a dovish BoE surprise.
Via a Deutsche Bank note on Wednesday.On the pound:"Having been bullish on the pound since the start of the year, we no longer think the pound presents attractive risk-reward in the short term"Citing:"a lot of the domestic good news for the UK is now in the price". says the upcoming Bank of England meeting (on Thursday, 11 May 2023) holds the potential for a "dovish surprise", while the consensus is for a 25bp rate hike Deutsche says some dissenters could vote for a rate cut Thi... Read More
Posted: May 10 2023, 21:35
Author Name: forexlive
Views: 081798

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