Odaily Planet Daily News According to UBS Global Wealth Management, the pound against the US dollar GBP/USD may strengthen in the remaining time of this year, as the Fed's interest rate cut may exceed Banco Central's in the UK. UBS analysts stated in the report: "Our latest view is that the Fed will cut interest rates by 100 basis points before the end of the year, while Banco Central in the UK will only cut by 50 basis points during the same period, so the fixed income investment flow will increasingly favor the pound/US dollar to rise." They said that the pound/US dollar may rise to 1.30 before the end of the year. (Fx678)
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UBS: A visão mais recente é que o Fed reduzirá as taxas de juros em 100 pontos-base antes do final do ano.
Odaily Planet Daily News According to UBS Global Wealth Management, the pound against the US dollar GBP/USD may strengthen in the remaining time of this year, as the Fed's interest rate cut may exceed Banco Central's in the UK. UBS analysts stated in the report: "Our latest view is that the Fed will cut interest rates by 100 basis points before the end of the year, while Banco Central in the UK will only cut by 50 basis points during the same period, so the fixed income investment flow will increasingly favor the pound/US dollar to rise." They said that the pound/US dollar may rise to 1.30 before the end of the year. (Fx678)