Goldman Sachs: 3 reasons why GBP set to continue outperforming on crosses ...Middle East

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Goldman Sachs: 3 reasons why GBP set to continue outperforming on crosses
Goldman Sachs sees scope for continued GBP outperformance on the crosses, supported by a strong global risk environment, the BoE’s gradual rate-cut approach, and a favorable UK growth outlook relative to Europe. These factors, combined with resilience to geopolitical risks, suggest GBP strength particularly against EUR.Key Points:Global Risk and Positive Beta: GBP’s positive beta to global risk should keep it supported, particularly if US equities continue to rise, positioning it favorably against other rate-sensitive currencies like JPY.BoE’s Gradual Rate-Cut Approach: The Bank of England’s gradual easing strategy, with a likely pause in December, makes GBP an outlier among major currencies

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