UBS predicts GBPUSD could rise to 1.30 by year-end
Sterling is likely to strengthen against the US dollar GBP/USD for the rest of the year as the Federal Reserve is likely to cut interest rates more than the Bank of England, says UBS Global Wealth Management. UBS analysts expect fixed income investment flows to increasingly favour a higher GBP/USD as the Fed is expected to cut interest rates by 100 basis points before the end of the year, compared to the Bank of England's 50 basis point cut over the same period. They said GBP/USD could rise to 1.30 by the end of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oil jumps more than 2% after US attack on Iran's Larak island
After Waller's hawkish speech, the market focuses on "rate hikes", but Morgan Stanley says balance sheet reduction is more likely.
After the Jackson Hole meeting, the market's focus has shifted to interest rate hike expectations. However, Morgan Stanley economist Carpenter pointed out that Walsh's long-standing stance on reducing the $7 trillion balance sheet should not be overlooked. It is expected that the Federal Reserve may begin a balance sheet reduction of more than $1.5 trillion next year, partially replacing rate hikes.
BTC surpasses $78,000
AON plans to acquire USI for 17 billion USD, aiming at the SME insurance brokerage market.
According to informed sources, AON.US is close to reaching a deal valued at around $17 billion, including debt, to acquire insurance brokerage USI from private equity firm KKR.
Crypto prices
More
