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.
Recent Posts
Categories
Related Articles
Goldman Sachs sees Brent price upside risks in short term, medium-term skewed to downside
Goldman Sachs: Sees upside risks to Brent prices in short term, with...
NZD has a quick drop
The Reserve Bank of New Zealand embarked on its rate cutting cycle...
PBOC says will prevent ‘one sided’ expectations on yuan
People's Bank of China official says:We will prevent the formation of one-sided...
RBA first cut forecasts from Australia’s 4 biggest banks
Westpac revised their first cut forecast to May from February:Westpac revise its...
Leave a comment