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Apr 29 - 12:55 AM

GBP/USD: Gradual Appreciation To Unfold In H2 - ANZ

By eFXdata  —  Apr 28 - 04:30 PM

ANZ Research sees a scope for GBP/USD to regain ground through the second half of the year.

"We expect the BoE will raise rates by 25bp at its May meeting and signal the potential for rates to rise further, although it is unlikely to match the Fed. We still think an appreciation in GBP is a desirable outcome for the BoE, given that the UK imports around 80% of consumer durables," ANZ notes. 

"Our expectation that the USD may be close to peaking versus EUR is also relevant to our GBP outlook. In the second half of the year, we expect gradual GBP/USD appreciation to unfold," ANZ adds. 

Source:
ANZ Research/Market Commentary

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