- Analytics
- News and Tools
- Market News
- GBP may suffer a lack of fresh direction until the new PM is in place – Rabobank
GBP may suffer a lack of fresh direction until the new PM is in place – Rabobank
The pound is trading above last week’s lows vs. the USD and it holding most of its recent gains vs. the beleaguered EUR. As there is still a long way to go before the new leadership can prove its worth to sceptical investors, the GBP is likely to have to wait until seeing a fresh start, economists at Rabobank report.
Awaiting a government less distracted by scandal and more focussed on the job in hand
“For GBP a crucial element of the policies of the new PM will be how they can underpin the growth outlook. However, this is a complex ask. Although many of the candidates are promising to lower taxation in the UK, in line with traditional Tory values, this could clearly raise inflation further if not handled properly.”
“Although GBP investors will be hoping for a government less distracted by scandal and more focussed on providing coherence around the post Brexit economy, the jury is still out. GBP may suffer a lack of fresh direction until the new PM is in place.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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.
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.
Bank transfers
