Danske expects that the Bank of England will increase interest rates for a final time in June. It notes that at least one further rate hike is priced in by markets which will limit scope for Pound buying.
It does, however, consider that the Pound is slightly undervalued which will underpin the currency.
It does, however, consider that the Pound is slightly undervalued which will underpin the currency.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.