GBP/USD set to move closer to the 1.30 level this year – MUFG GBPUSD Inflation BOE Ukraine Banks
A weaker UK CPI and push back from BoE against amount of hikes priced in would be worst outcome for GBP
We still expect Cable to move closer to 1.3000 this year. A full reversal of the GBP sell-off following the outbreak of the Ukraine conflict could even see the pair extend its rebound further back towards the 1.3500 level where it was trading in early 2022.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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