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Bank of America Merrill Lynch cut its sterling forecasts and remains bearish on GBP. It cites a weak UK economy, Brexit trade uncertainty, and seasonal weakness in August to December.
A bearish bank forecast for sterling points to a weaker pound over coming months, which would tend to make UK-sourced imports and sterling-priced commodities relatively more expensive.
poundsterlinglive.comNews, Data, ForecastsJul 30, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
