GBP/USD seen around 1.1700 in mid-2023 – Wells Fargo By MSalordFX GBPUSD Currencies Banks
According to analysts at Wells Fargo, the mix of measured monetary tightening and rapid inflation, combined with the slowdown in UK economy, provides an underwhelming backdrop for the pound. They revised their forecast for the GBP/USD lower and now see it around 1.1700 in mid-2023.“We expect the U.K. central bank to begin lowering its policy interest rate during the second half of 2023, by a cumulative 50 bps to 1.50% by the end of next year.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Economy Still Isn't Ready for the Significant Rate Hikes Ahead, Wells Fargo CEO SaysWells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve looks to try to rein in high inflation.
Read more »
How long will stocks stay in a bear market? It likely hinges on if a recession hits, says Wells Fargo InstituteThe S&P 500 fell into its 12th bear market since World War II in June. How long it lasts likely depends on if the U.S. enters a recession, accord to a Wells...
Read more »
GBP/USD Price Analysis: Bears attack 1.2100 with eyes on yearly low, key UK/US dataGBP/USD Price Analysis: Bears attack 1.2100 with eyes on yearly low, key UK/US data By anilpanchal7 GBPUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
EUR/GBP Price Analysis: Finds support near 0.8600 ahead of ECB’s Lagarde and BoE’s BaileyEUR/GBP Price Analysis: Finds support near 0.8600 ahead of ECB’s Lagarde and BoE’s Bailey By HareshMenghani EURGBP ECB Technical Analysis BOE Currencies
Read more »
GBP/USD: Downside pressure improved – UOBGBP/USD could now grind lower and revisit the 1.2040 region in the next weeks, suggested FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang. K
Read more »
US Dollar Leap Shows Few Signs of Slowing: USD/PHP, USD/THB, USD/IDR, USD/SGDThe US Dollar’s ascent against Asia-Pacific Emerging Market currencies showed no signs of slowing. The Philippine Peso is at a 2005 low. What is ahead for USD/PHP, USD/THB, USD/IDR, USD/SGD? Get your market update from ddubrovskyFX here:
Read more »