Rabobank warns UK stagflation risks could stall sterling rally.
Rabobank says that with UK inflation and wage growth still running hot, even growth figures in line with forecasts could stoke fears of stagflation and temper investor appetite for the pound.
The bank’s central scenario is for the Bank of England to deliver another rate cut in November, a move it expects will sap momentum from sterling’s recent gains. Rabobank forecasts EUR/GBP will hover near 0.87 over the next one to three months before drifting toward 0.88 in six months’ time.
This article was written by Eamonn Sheridan at investinglive.com.Hence then, the article about rabobank sees sterling gains fading forecasts eur gbp at 0 87 near term 0 88 in 6 months was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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