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Following the Bank of England’s decision to maintain policy rates, Credit Agricole highlights the GBP’s emerging status as a high-yield currency, supported by the potential for future easing.
Key Points:
BoE Decision and Forward Guidance:
Gilt Holdings Reduction:
Market Reactions:
Economic Concerns:
GBP Outlook:
Conclusion:
While the GBP stands to benefit from its status as a high-yield currency, caution is advised as it may face challenges from economic data and potential profit-taking in the near future.
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This article was written by Adam Button at www.forexlive.com.
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