Pound Sterling Faces Challenges in 2024: Morgan Stanley Predicts Decline Amidst Normalizing UK Monetary Policy
As we approach 2024, foreign exchange strategists at investment giant Morgan Stanley express a pessimistic outlook for Pound Sterling within the G10 space, anticipating a decline to crisis-era levels against the Dollar. The bank’s forecast presents a sobering projection that
Read MoreStrong U.S. Labor Data Boosts Dollar Amidst Fed Rate Cut Expectation Retreat
The US labor market has once again outperformed expectations, propelling the Dollar to higher levels over the weekend. In response to the news that the U.S. added 199K non-farm jobs in November, surpassing the anticipated 180K, the Pound to Dollar
Read MoreBank of Canada Signals Potential Monetary Policy Shift Amid Economic Equilibrium
The Bank of Canada (BoC) is signaling a potential shift in its monetary policy, as it acknowledges a recent decline in inflation and declares that the Canadian economy has achieved equilibrium in supply and demand dynamics. This development, reflected in
Read MorePound Sterling Gains Momentum: Anticipation of Year-End “Santa Rally”
Market professionals anticipate further gains for the Pound Sterling against the Dollar as the stage appears set for a potential ‘Santa Rally’ into the year-end. Nigel Green, CEO of de Vere Group, a financial services provider, notes that historical data
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