BNP Paribas: Sterling may have overshot
BNP Paribas topped this week's three-month forecast rankings with expectations for pro-cyclical and commodity currencies to get a boost from improving market sentiment.
Ian Stannard, senior foreign exchange strategist at BNP Paribas in London, expected the fiscal support packages from central banks to stimulate an equity market rally, which in turn would impact the currency market.
"An equity rally would be supportive of pro-cyclical currencies, such as sterling, and commodities currencies with
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