Pound May Fall Below $1.20 in Next Month, SocGen Strategist Says
(Bloomberg) — The pound is likely to fall to the lowest level since the pandemic crash as the Federal Reserve’s rate-hike path continues to outpace that of the Bank of England’s, according to Societe Generale SA strategist Olivier Korber. The BOE’s recent recession warning combined with growing expectations of another 75 basis-point interest-rate hike in the US, may put sterling at risk of falling below $1.20 “in the very near term,”…
