Home Forex AUD should be supported, GBP should be the worst currency – UBS

AUD should be supported, GBP should be the worst currency – UBS

by SuperiorInvest

UBS economists update theirs forecast for Swiss Franc, British Pound and Australian Dollar.

A weak growth outlook and still high inflation weigh on the pound

“We are downgrading the Swiss franc to neutral following strong gains against the US dollar. Nevertheless, we believe that the Swiss National Bank is committed to maintaining the strength of the franc to curb imported inflation and that the currency will be supported by safe flows.”

“In the UK, a weak growth outlook and persistently high inflation are likely to weigh on the pound and we maintain our least preferred view.”

“We like the Australian dollar, which should be supported by China’s reopening, relatively strong domestic economic growth and a central bank likely to keep the reins tight as the Federal Reserve begins to ease monetary conditions.”

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