Selling USD/JPY rallies as BoJ unconventional policies are not sustainable – BofA USDJPY BOJ GBPUSD UnitedKingdom Banks
“We see more upside potential for GBP in the short term, on improving chances for a compromise with the EU on the outstandingissues, particularly those related to the Northern Ireland protocol. However, we remain concerned about the GBP outlook beyond such a deal, as the UK is already in the stagflation scenario that we see as a risk for the rest of the world later this year.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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