28 Nov 2022 UK Monitor Sterling is Not Out of the Woods Yet
24th Nov 2022 11:06U.K., Weekly Monitor
Sterling's rally has been driven by the elimination of the fiscal risk premium, which we doubt will return...
...But the current account deficit will remain large next year, despite the recession, leaving sterling vulnerable.
The MPC likely will hold back from raising Bank Rate as far as markets expect; we look for $1.15 in the spring.
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