British Pound: Political risks weigh on GBP – MUFG
MUFG’s Lee Hardman reports that the Pound (GBP) has weakened as UK political uncertainty intensifies after poor local election results for the government. EUR/GBP has risen and cable has fallen, with Gilts selling off modestly.
The GBP is likely to continue weakening due to ongoing political uncertainty, leading to further declines in cable and potential increases in EUR/GBP. Gilts may experience continued selling pressure.
MUFG’s Lee Hardman reports that the Pound (GBP) has weakened as UK political uncertainty intensifies after poor local election results for the government. EUR/GBP has risen and cable has fallen, with Gilts selling off modestly.
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