GBP/USD may take some time to settle as sterling needs credible policy delivery – ANZ GBPUSD BOE UnitedKingdom Banks
is down 21% on a year-to-date basis. In the opinion of economists at ANZ Bank, policy credibility is key to GBP stability.serves as a salutary reminder of the need to deliver credible policy, particularly in the current climate of high inflation and asset price weakness.”to rise materially further but think the market’s view of 6.0% rates is too high. Sterling may therefore take some time to settle, while the government needs to boost fiscal credibility.
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