Sterling to show renewed weakness through early 2023 – Wells Fargo

“We forecast a protracted recession in the United Kingdom, reinforced by the government's fiscal consolidation in its Autumn Statement. As a result, we expect Bank of England rate to lag behind the Fed and market participants' expectation, while we also see the UK central bank easing monetary policy by late next year.”

“Against this backdrop, we expect the Pound to be an underperformer within the G10 currencies, showing renewed weakness through early 2023 and only a modest rebound thereafter.”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.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Source: Entertainment Trends (entertainmenttrends.net)

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