G10 FX Weekly: GBP Set for Downside in 2H 2023
- By Richard Jones
- 5 min read
Summary
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- UK economic data, most notably inflation and employment readings, have soured recently.
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- So far this year, the British pound has shrugged off this challenging data backdrop.
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- In the second half of 2023, expect the deteriorating data to negatively impact sterling, with Brexit also set to keep dragging on the UK economy and currency.
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