Investing.com – Bank of America Securities has a constructive view on sterling for this year, but a tough start to the second quarter for the U.K. currency has caused the bank to take a second look.
A key part of the bank’s positive expectations for sterling this year has been that the pound would find cyclical support as the Bank of England would be amongst the last of the major central banks to cut against a backdrop of sticky inflation, particularly services and core, which remain above BoE’s tolerance levels.
However, whilst the pound remains the best performing currency year-to-date, the usual positive…
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