Forex
globalreutersNovember 6, 20241 Mins read
MUFG says GBP is less vulnerable to Trump tariffs than others
globalreutersNovember 6, 20241 Mins read Analysts at MUFG say sterling is less vulnerable to tariffs than the currencies of other G10 countries.
They cite the predominance of UK services and exports to the US over goods.
On the Bank of England later today:
- expect a rate cut
- GBP could benefit if the BoE pauses in December
- BOE needs to be cognizant of the inflation risks from last week’s budget
This article was written by Eamonn Sheridan at www.forexlive.com.
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