Forex
globalreutersApril 9, 20241 Mins read
MUFG say they are less bullish on GBP, cut year-end forecast to 1.2950
globalreutersApril 9, 20241 Mins read MUFG had previously been forecasting Cable to 1.31 on a 12-month horizon.
Analysts at the bank say they’ve become less bullish.
MUFG had dragged forward their expectation for a Bank of England interest rate cut to June, from August previously. MUFG cited comments from Bank of England Governor Bailey.
This article was written by Eamonn Sheridan at www.forexlive.com.
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