The pound may be predisposed to another wave of decline, even if the UK succeeds in concluding a better deal with the EU following the Brexit talks, according to Brigitte Le Bris, head of FX at Natixis Asset Management. “Even if there is a limited effect (from Brexit), investors will still demand a premium when they plan to buy currency,” she said on Tuesday at a conference in Barcelona, Spain. “The pound is aimed at a new wave of decline, especially against the euro,” she said.
Recall, the pound’s favorite behavior recently began to go against the consensus of analysts. Yesterday, the sterling continued the rally in response to the output of inflation figures, which exceeded the forecasts of experts, which raises the chances of a tougher tone of tomorrow’s statement by the Bank of England.