MUFG says it is less optimistic on the GBP and lowers its end-of-year forecast to 1.2950

MUFG previously forecast Cable at 1.31 over a 12-month horizon.

The bank’s analysts say they are less optimistic.

MUFG had delayed its expectations for a Bank of England interest rate cut to June from August previously. MUFG cited comments from Bank of England Governor Bailey.

This article was written by Eamonn Sheridan at www.forexlive.com.

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