Market news
26.03.2021, 15:58

GBP: Caution is warranted even if risk sentiment improves near-term - Credit Agricole

GBP: Caution is warranted even if risk sentiment improves near-term - Credit Agricole

eFXdata reports that Credit Agricole CIB Research discusses GBP and maintains a cautious bias in the near-term.

"Given that the GBP’s recent rally relied heavily on the success of the UK vaccine rollout so far this year, any evidence that the rollout will be slowing could fuel concerns about delays of the government’s plans to reopen the economy and thus continue to hurt the currency."

"We, therefore, believe that a more cautious stance on the GBP is warranted, even if risk sentiment starts to improve in the coming weeks." 

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location