www.bloomberg.com
BNP Paribas’ Sam Lynton-Brown believes the recent British Pound rally is unsustainable. He cites political uncertainty as a key downside risk, anticipating the market will factor in potential instability. Furthermore, he expects the Bank of England to implement lower terminal policy rates than currently priced in by the market, adding further pressure to the currency. Lynton-Brown, speaking on Bloomberg Television, sees a poor medium-term outlook for the Pound.
