Credit Agricole: GBP remains a best G10 FX bet despite risk aversion ...Middle East

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Credit Agricole: GBP remains a best G10 FX bet despite risk aversion
Credit Agricole sees GBP as one of the best-performing G10 currencies, despite recent setbacks due to returning risk aversion and stickier-than-expected UK inflation. The GBP's relative strength is attributed to expectations that the BoE will maintain rates, reinforcing its status as a top performer in the G10 FX space.Key Points:Recent Performance:End of Winning Streak: Risk aversion and stickier UK inflation have ended GBP's recent winning streak.BoE Rate Expectations: The market expects the BoE to keep the bank rate unchanged on 1 August, postponing any rate cut decision to later in the year.Upcoming Data Focus:UK PMIs for July: The focus will be on the UK PMIs, particularly evidence of e

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