Risks still tilted to the upside on the back of positive external developments – ING
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which […]
Positive developments for the Pound, more of this as the year unfolds– MUFG
In the view of economists at MUFG Bank, we may have reached “peak pessimism” for the UK and the Pound. Therefore, the outlook in 2023 is somewhat brighter. Positive developments emerging “Much greater political stability this year than last is one factor here and we can very likely assume that PM Sunak will bring greater […]