- Analytics
- News and Tools
- Market News
- There are too many reasons pointing towards weaker sterling – Commerzbank
There are too many reasons pointing towards weaker sterling – Commerzbank
It is unlikely that UK politicians are going to regain market confidence any time soon. Therefore, the British pound is set to remain under pressure, economists at Commerzbank report.
UK political developments to keep investors on tenterhooks
“All the issues like high inflation, the looming recession and the effects of Brexit, which were in place prior to the government crisis and constitute a considerable challenge for the politicians are likely to ensure that markets remain cautious.”
“Against the background of a struggling economy, the BoE is likely to fight high inflation levels comparatively cautiously so that monetary policy will continue to put pressure on sterling. The fact that the BoE has intervened on the markets with bond purchases, thus threatening its credibility, is not likely to be forgotten easily by the markets either.”
© 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
