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MUFG wary of a falling GBP, citing excessive long positioning

MUFG wary of a falling GBP, citing excessive long positioning

News
Eamonn Sheridan
05/08/2024 | 23:55 GMT
  • GBP outlook

In summary from MUFG, saying GBP could weaken further. Citing:

  • long positioning is still excessive
  • global risk aversion
  • expectations of further UK interest rate cuts being further priced in

EUR/GBP update, back into the early 2024 range:

eurgbp 06 August 2024 2

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