£ $GBP - Slippery slope!
Now to be aware fundamentally GBP is at a very weak position just like EUR. UK recession and plenty of more other various factors that are listed in previous post based on GBP. However, we could decline further leading us towards low of 2020 areas and perhaps Brexit areas IF we go below 1.17 handle. Just to be aware we do have new Prime Minister coming in early sept and even if its Rishi we could get GBP yields head a little higher but overall we are fundamentally in a difficult situation even cap on energy isn't enough, globally housing is struggling we are at a time where cash is king for now.
Tread carefully,
TJ
Now to be aware fundamentally GBP is at a very weak position just like EUR. UK recession and plenty of more other various factors that are listed in previous post based on GBP. However, we could decline further leading us towards low of 2020 areas and perhaps Brexit areas IF we go below 1.17 handle. Just to be aware we do have new Prime Minister coming in early sept and even if its Rishi we could get GBP yields head a little higher but overall we are fundamentally in a difficult situation even cap on energy isn't enough, globally housing is struggling we are at a time where cash is king for now.
Tread carefully,
TJ