Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
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.

Source:
Barclays Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!