U.K. Growth Concerns Unlikely to Derail Sterling -- Market Talk
Mitsubishi UFJ: If the Bank of England's rate cuts exceed expectations, the British Pound may perform poorly.
On January 3rd, Glonghui reported that Derek Halpenny from Mitsubishi UFJ stated that the prospect of the Bank of England lowering interest rates more than the market expects will negatively impact the British Pound. The market's expectations for rate cuts this year seem "too cautious," and the British Pound may perform worse than non-dollar currencies later this year. The British Pound was the worst-performing G10 currency in the previous trading day, with a surprising downward revision of the UK's December manufacturing PMI, and a significant rise in Henry Hub Natural Gas prices mildly increased expectations for a rate cut in February.
U.K. Net Mortgage Approvals Decline; Expected to Rise in Coming Months -- Market Talk
U.K. Retailers Will Face Challenging 2025 -- Market Talk
ING Comments on LEuro, Sterling Poland's Zloty, Hungary's Forint, Czech Republic's Koruna, Turkey's Lira
UK's M4 Money Supply Stable MoM in November 2024