Sterling to underperform amid global growth fears – MUFG
|The pound has not been significantly impacted so far by the heightened state of political uncertainty in the UK. Instead, economists at MUFG Bank expect GBP to move downward due to recession woes.
Heightened political uncertainty unlikely to be the main driver
“The heightened political uncertainty will continue to hang over pound performance in the near-term but is unlikely to be the main driver.”
“The pound should continue to underperform while global growth fears are mainly driving price action in the FX market.”
See – British pound: Forecasts from seven major banks, downside risks to persist
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.