The Pound has been quite resilient to economic shocks, probably because they haven’t moved the dial on interest-rate views
Source
British Pound Weekly Forecast: Ranges Look Set To Hold, But Watch USD Data
access_timeNovember 25, 2024
Latest:
- Bank of England Dhingra and Lombardelli speaking on Monday
- People’s Bank of China shift to the MLF as the main policy tool – drain today facilitates
- European Central Bank speakers Monday include Lane, Makhlouf
- PBOC net drain 550bn via MLF. Rate unchanged at 2%
- Still waiting on any People’s Bank of China Medium-term Lending Facility (MLF) announcemnt
- PBoC may cut RRR, buy government bonds in December.
- PBOC sets USD/ CNY reference rate today at 7.1918 (vs. estimate at 7.2257): 25 November
- Goldman Sachs on 2025: When the Fed cuts, bond market where investors should want to be
- PBOC is expected to set the USD/CNY reference rate at 7.2257 – Reuters estimate
- ICYMI – Financial markets have become more susceptible to liquidity shortages (BIS report)
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