#GBPUSD @ 1.07746 set to remain under pressure in the near-term – ANZ
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GBP/USD has suffered a substantial drop. Economists at ANZ Bank expect the British pound to remain under downside pressure for the time being.
“We expect the GBP to remain under pressure as it trades close to a 40-year low amid USD strength in the near-term.”
“EUR/GBP will continue to remain within historical ranges, primarily led by volatility in the EUR.”
“Over the medium-term, the end of the two-year fiscal plan on energy prices, coupled with a USD reversal, may lead to some recovery in the GBP.”
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