FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 35 institutional desks. No promotion.
Live cross-firm bank consensus across 35 desks — FX, oil & gold
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Listen in as Jonathan Jayarajan (Head of European Equity Research Product) is in conversation with Sanjay Raja (Chief UK Economist) and Shreyas Gopal (Senior FX strategist) discuss some of the key issues facing the UK at a pivotal time.
The desk is cautiously optimistic about GBP's resilience, driven by recent positive economic data and a shift in market sentiment towards carry strategies. Per the full note [source], J.P. Morgan highlights that UK activity data surprises are at five-year highs, suggesting a potential shift in investor positioning. This contrasts with the prevailing bearish sentiment towards Sterling, particularly against high-yield currencies. With no significant calendar events in the immediate future, the focus remains on the upcoming BoE meeting and how it will navigate the current economic landscape.