Home / Forex Analysis / GBP: A Macro Backdrop With Distinction; Staying Bearish In Q3 Targeting 1.21 – MUFG

GBP: A Macro Backdrop With Distinction; Staying Bearish In Q3 Targeting 1.21 – MUFG

The UK is grappling with Corvid-19 as well as Brexit. What is the outlook for GBP in the third quarter? Here is their view, courtesy of eFXdata: MUFG Research discusses GBP outlook and maintains a bearish bias through Q3 targeting a move towards 1.21. “From an FX perspective it is always about the relative and we […] The post GBP: A Macro Backdrop With Distinction; Staying Bearish In Q3 Targeting 1.21 – MUFG appeared first on Forex Crunch.

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