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Jul 15 - 11:00 AM
GBP: Likely To Remain Under Pressure On More Signs Of Dovish Shift In BoE Policy - MUFG
First appeared on eFXplus on Jul 15 - 09:27 AM

MUFG Research discusses GBP outlook and highlights more signs of dovish policy shift in BoE policy thinking .

"The pound continues to trade on the defensive in the near-term with EUR/GBP trading just below the 0.9000-level and cable just above the 1.2500-level. The pound closed higher last week against the euro for the first time in ten weeks although we doubt that it marks the beginning of sustained reversal ," MUFG notes. 

"Heightened Brexit risk, weak growth in the UK, and an ongoing dovish shift in BoE policy should all keep the pound under downward pressure," MUFG adds. 

Source:
BTMU Research/Market Commentary

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