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May 09 - 09:55 AM

GBP: Goldman Sachs Turns Bullish on Sterling 📈💷

By eFXdata  —  May 09 - 08:50 AM

Goldman Sachs Turns Bullish on Sterling 📈💷 

Contrary to its previous stance, Goldman Sachs is now bullish on the GBP. Factors that acted as headwinds in 2022, like natural gas prices and BoE policy stance, have become tailwinds, resulting in improved fundamentals.

BoE Joins 'Reluctant Hiker' Camp Among G10 Central Banks 🏦⛺ 

Even if the Bank of England (BoE) remains a 'reluctant hiker', Goldman Sachs notes that it's now joined by most other G10 central banks, reducing the case for divergence. The BoE arguably has more to do to "see the job through"


Goldman Sachs Research/Market Commentary


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