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Jun 22 - 02:55 PM

GBP: Expecting Some Sterling Appreciation Followed By Range Trading - Barclays

By eFXdata  —  Jun 22 - 01:30 PM

Barclays Research discusses GBP outlook and see a scope for near-term gains followed by range-bound trading.

"We expect some sterling appreciation followed by range trading, as the economy should continue to exhibit a robust recovery. We also expect the BoE to move in line with the Fed and slowly signal some monetary policy normalisation," Barclays notes.

"However, we see a risk of GBPUSD coming under pressure if we observe earlier tightening of monetary policy from the Fed not matched by the BoE," Barclays adds.

Barclays Research/Market Commentary


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