Via a Deutsche Bank note on Wednesday.
On the pound:
- "Having been bullish on the pound since the start of the year, we no longer think the pound presents attractive risk-reward in the short term"
Citing:
- "a lot of the domestic good news for the UK is now in the price".
- says the upcoming Bank of England meeting (on Thursday, 11 May 2023) holds the potential for a "dovish surprise", while the consensus is for a 25bp rate hike Deutsche says some dissenters could vote for a rate cut
