- Analytics
- News and Tools
- Market News
- GBP/USD to remain on the back foot as the pound faces strong headwinds – Rabobank
GBP/USD to remain on the back foot as the pound faces strong headwinds – Rabobank
UK economic data, guidance from the Bank of England (BoE) and, very importantly, direction from the Tory government and its new leadership will set the tone for the British pound. Economists at Rabobank expect further weakness for the GBP in the coming weeks.
PM Truss does have the potential to win back some investor confidence
“The promise of higher interest rates is not a guarantee of GBP strength when the economy is facing recession. To this end, news of another bank holiday this month is not encouraging for the pound given that it is set to detract from the GDP numbers for September.”
“If Truss can find a way to piece together a solution that strengthens relations with the EU, investors could take heart. This, however, will not be easy.”
“For now, the headwinds facing the pound are still very strong. We maintain our one-month forecast of GBP/USD 1.14.”
© 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
