GBP – A rebound in global risk appetite pushed the Britain pound up against the dollar and euro on Tuesday, after Britain announced support for businesses hit by the latest wave of COVID-19 infections amid fears of new restrictions on activity.
Commenting on GBP’s recent performance and outlook, however, ING notes that “the fast spread of the Omicron variant in the UK may keep some pressure on GBP around Christmas, in particular as the government may opt to impose some new restrictions.” Although, adding that investors likely still have short positions on the pound, which could help limit its losses, but concluding that “risks still appear moderately skewed to the downside”.
Commenting on GBP’s recent performance and outlook, however, ING notes that “the fast spread of the Omicron variant in the UK may keep some pressure on GBP around Christmas, in particular as the government may opt to impose some new restrictions.” Although, adding that investors likely still have short positions on the pound, which could help limit its losses, but concluding that “risks still appear moderately skewed to the downside”.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.