How we’re feeling about GBP after the BoE’s ‘dovish hold’

Brian Daingerfield and Paul Robson discuss the longer-term prospects for GBP following the Bank of England’s decision to keep rates on hold this week. They also delve into our latest views on FX heading into a critical US inflation print. Finally, they share their views on the outlook for SEK in light of the Riksbank's decision to cut rates, and consider the relationship between US rates and volatility as a driver of JPY.   Remember to hit ‘follow’ or ‘follow’ so you can watch or listen to the latest episode of Currency Exchange as soon as they’re available.  NB: This was recorded on 9 May 2024. For any terms used please refer to this glossary:  https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html