Forex
globalreutersAugust 5, 20241 Mins read
MUFG wary of a falling GBP, citing excessive long positioning
globalreutersAugust 5, 20241 Mins read In summary from MUFG, saying GBP could weaken further. Citing:
- long positioning is still excessive
- global risk aversion
- expectations of further UK interest rate cuts being further priced in
EUR/GBP update, back into the early 2024 range:
This article was written by Eamonn Sheridan at www.forexlive.com.
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