Sterling/yen aids Informa
CURRENCY FORECASTS
"We have consistently focused on sterling," he told FX Week. "Our fundamental stance has been that the impact of the Bank of England tightening cycle and the knock-on effects to the housing sector could turn the UK economic cycle around relatively quickly if past patterns were repeated."
Luxton added that central bank dynamics behind the UK unit remain negative and, given the more hawkish tone from a number of other central banks, this serves to undermine sterling across the board as it quickly
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