Is Parity Calling for GBPUSD after Mini-Budget Volatility?
It’s been a wild old ride for the British Pound over the last fortnight. It has been brought on by a loss of confidence in the new British government and corresponding confidence that the Bank of England can save the day.
It’s been a mixed year for UK assets with the British pound plunging on the one hand, while the FTSE 100 has been among the top performing global indices. Will the next Prime Minister influence this dynamic?
A new EU/UK trade spat could send GBPUSD under 1.20
The British Pound has fallen more than 10% against the US Dollar this year, weighed down by Fed hawkishness, domestic inflation and growth concerns, Brexit-related difficulties and the fallout from the conflict in Ukraine.
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