Recent FX market volatility may have focused on the yen and particularly the pound, but a number of other currencies will find themselves in the firing line during the coming months.
Deutsche Bank recently suggested that the UK’s predicament has to be viewed in the context of a large global withdrawal of capital. An improvement in global risk appetite would almost certainly help the pound, but the bank is concerned that with one of the largest bond markets in the world having experienced a foreign buyers’ strike, markets may ask which country is next.
Inflation remains an issue, as well as domestic growth.
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