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Sep 14 - 06:55 PM

GBP: Bullish M-Term; Scope For BoE Policy Normalization Underpriced - Citi

By eFXdata  —  Sep 14 - 03:00 PM

Citi discusses GBP outlook and maintains a bullish bias over the medium-term.

"We continue to expect GBP to strengthen in coming months as upside inflation risks will prompt the Bank of England to signal policy normalization.

We think these risks are currently underpriced, which should fuel GBP upside over time, while the announcement to increase NICs is unlikely to weigh on GBP," Citi notes. 

Source:
Citi Research/Market Commentary

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