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MUFG forecast GBP underperformance, say the Bank of England has overdone tightening
MUFG are of the view that the BoE has already tightened monetary policy too much and that there is thus the potential for UK rates to 'soften' in comparison to other developed market economies. MUFG project GBP to underperform from now, and add that in the case of a weakening USD this underperformance will be more evident against the EUR. GBP/USD projections for the year ahead are not lower:Q4 2023: 1.2150 Q1 2024: 1.2570 Q2 2024: 1.2730 Q3 2024: 1.2660EUR/GBP, sameQ4 2023: 0.8600 Q1 2024: 0.87...
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Content Topics
Mufg
Forecast
Underperformance
Bank
England
Overdone
Underperformance
Tightening
Forex
Posted: Oct 4 2023, 21:33
Author Name: forexlive
Views: 112411