- Analytics
- News and Tools
- Market News
- Sterling likely to fall further – SocGen
Sterling likely to fall further – SocGen
GBP/USD has neared the 1.18 level while EUR/GBP has hit 0.85. Kit Juckes, Chief Global FX Strategist at Société Générale, believes that the British pound is set to sustain further losses.
Tighten too much, or watch the pound fall?
“Sterling’s likely to fall further as growth slows, even if rates rise more than they ought to. Tightening less would weaken the currency further.”
“The only way of keeping inflation expectations firmly anchored might be to force central banks who miss their targets to lose their jobs. But that would simply reinforce the tendency to go on tightening too far into the cycle and ensure that it ends with recession rather than soft landing. Maybe the only answer is to teach the public about the importance of lags…”
© 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
