The British Pound reached a new multi-week low against the Euro and softened against the U.S. Dollar after UK inflation undershot expectations.
The under-pressure British Pound will look to the Chancellor of the Exchequer to bail it out today.
Deutsche Bank Turns Seller of the Pound
- Category: GBP
Strategists at Deutsche Bank have turned sellers of the Pound, suggesting the 2025 decline is still relatively small.
The British Pound could fall further in the near term, but if you don't believe a full-blown financial crisis is imminent, buy some cheap pounds.