Starmer & Reeves's desperation is showing, which is good for the Pound.
The market is now a net seller of the British Pound amidst a shift in sentiment. But looking ahead, this could mean it is better positioned to recover, and one Wall Street investment bank is a buyer.
The British Pound extended gains against the Dollar and closed a deficit against the Euro after survey data showed the UK economy outperformed expectations in January.
Buy the British Pound and UK bonds; the pessimism towards the UK is overdone.