GBP/USD to move in a range of 1.00-1.10 over the coming months – UBS
|Sterling has come back under renewed pressure. Economists at UBS expect the GBP/USD to trade in a range of 1.00-1.10.
Concerns over financial stability in the UK remain a drag on sterling
“With markets still concerned about the viability of the government’s fiscal plans, we think the pound will likely remain volatile, trading in a range of 1.00-1.10 against the US dollar over the coming months.”
“Worries over the financial stability of the UK is also feeding into broader market risk aversion – which is also positive for the US dollar.”
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