GBP/USD: The Pound will still be vulnerable if UK recession risks rise

The Pound has managed to hold onto the position of best-performing G10 currency over the past five days. Economists at Rabobank analyze GBP outlook. G

The Pound has managed to hold onto the position of best-performing G10 currency over the past five days. Economists at Rabobank analyze GBP outlook.If recession risks are judged by the market to rise, additional BoE rate rises are far less likely to be able to lend GBP support.

We continue to see risks between GBP and the EUR as well balanced and expect more range trading around the EUR/GBP 0.86 area on a one-to-three-month view.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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