Investing.com UK on Nostr: Economics Don’t Support the Pound Sterling, say Danske Bank Forecasters ========== ...
Economics Don’t Support the Pound Sterling, say Danske Bank Forecasters
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Danske Bank forecasters believe that the overall UK economic fundamentals will undermine the Pound Sterling, especially with an August Bank of England rate cut. They expect the Pound to Euro exchange rate to retreat to 1.15 on a 12-month view. However, on political grounds, Danske sees scope for the Pound to make headway, assuming a convincing Labour victory. The bank also highlights the impact of energy prices on the UK and EU, as well as the UK's persistent current account deficit and high foreign debt as factors that leave the currency vulnerable.
#PoundSterling #UkEconomy #DanskeBank #ExchangeRate #BankOfEngland #LabourVictory #EnergyPrices #CurrentAccountDeficit #ForeignDebt
https://uk.investing.com/news/forex-news/economics-dont-support-the-pound-sterling-say-danske-bank-forecasters-3570837
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Danske Bank forecasters believe that the overall UK economic fundamentals will undermine the Pound Sterling, especially with an August Bank of England rate cut. They expect the Pound to Euro exchange rate to retreat to 1.15 on a 12-month view. However, on political grounds, Danske sees scope for the Pound to make headway, assuming a convincing Labour victory. The bank also highlights the impact of energy prices on the UK and EU, as well as the UK's persistent current account deficit and high foreign debt as factors that leave the currency vulnerable.
#PoundSterling #UkEconomy #DanskeBank #ExchangeRate #BankOfEngland #LabourVictory #EnergyPrices #CurrentAccountDeficit #ForeignDebt
https://uk.investing.com/news/forex-news/economics-dont-support-the-pound-sterling-say-danske-bank-forecasters-3570837