# The pound is no longer so vulnerable

> An FT commentary argues that sterling may enter an upward trend because UK real interest rates are turning positive as inflation falls. It expects the BoE to cut slowly in the second half of the year, which would keep real rates high.

- Date: 2024-04-15 · published 2024-04-15T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/30995-the-pound-is-no-longer-so-vulnerable
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A prolonged period of positive real rates would support sterling against the dollar. The commentary is an opinion piece and does not affect feed prices directly.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- ubp.com: https://www.ubp.com/en/news-insights/newsroom/the-pound-is-no-longer-so-vulnerable

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.