- Analytics
- News and Tools
- Market News
- Improving risk sentiment and higher UK yields fail to support the pound – MUFG
Improving risk sentiment and higher UK yields fail to support the pound – MUFG
The pound has continued to underperform over the summer period. The lack of follow through to a stronger pound from the improvement in risk sentiment and higher UK yields has disappointed, economists at MUFG Bank report.
BoE’s policy rate still appears relatively unattractive in real terms
“The pound’s failure to derive support from the recent improvement in risk sentiment and higher UK yields could reflect that growth concerns remain a heavy weight on the pound.”
“Even more restrictive BoE policy rates would act to deepen the economic downturn in the UK. At the same time, even if the BoE does deliver higher rates they are still expected to remain well below inflation and deeply negative in real terms.”
© 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
