FX Moment: Sterling’s Fiscal Hurdle Cleared, Moving On to BOE
The UK’s “low-key fiscal event” budget means a fading fiscal premium, for now, and a focus on sterling’s carry appeal as the first BOE rate rise in the cycle looms. In this episode of the FX Moment podcast, Bloomberg Intelligence chief FX strategist Audrey Childe-Freeman and Ben Ford, FX strategist at Macro Hive in London, discuss sterling’s dynamics following the UK’s Oct. 28 budget and ahead of the Nov. 5 Bank of England policy meeting. The two examine sterling’s euro-proxy virtues during periods of French turmoil, validating BI’s 0.8250 euro-sterling view. Ford also touches on the bullish…
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