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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Executive Summary:
- 2023 consolidation phase could give way to more bullish medium-term view
- More positive GBP technical outlook runs counter to poorer macro backdrop…
- … But if the bad news is priced in, a correction higher could follow
Full piece here:
MNI MARKETS ANALYSIS - GBP Consolidation Could be Nearing End.pdf
IMF forecasts that look for the UK economy to be the only G7 economy to shrink across 2023 are well known, and make the case for further GBP weakness across the medium-term. Nonetheless, a number of positive technical factors could be emerging for the currency, and a bottoming out of negative newsflow could result in a positive conclusion to the current consolidation phase.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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