GBP weakness to be sustainable for now – Commerzbank GBPUSD UnitedKingdom Growth Banks
“The IMF assumes that this year the UK will be the only major economy to have to go through a recession. And the IMF also expects that no major economy will record slower growth than the UK even next year. That is not good“A scenario in which Sterling has to be valued weaker has become at least marginally more likely. And that is putting pressure on Sterling already now.”
“I wonder: How are these concerns going to disappear short-term? And that is why I consider the GBP weakness to be sustainable for now.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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