Goldman Sachs: Three reasons to be bullish on the pound, especially against the euro

Jinshi data November 12 news, Goldman Sachs believes that in a strong global risk environment, the gradual reduction of Intrerest Rate by the Central Bank of England, and the relatively favorable support for the rise of the British economy compared to Europe, there is still room for the pound cross pair to continue to strengthen. These factors, coupled with the ability to resist geopolitical risks, indicate that the pound is particularly strong against the euro. Global risk and positive beta value: The positive beta value of the pound relative to global risk should provide support, especially if the U.S. stock market continues to pump, which will benefit the pound and other Intrerest Rate-sensitive currencies such as the yen. The Central Bank of England’s gradual Intrerest Rate reduction strategy: The Central Bank of England may pause its Intrerest Rate reduction in December, making the pound a standout among major currencies, increasing its attractiveness. Relative rise advantage: The more constructive rise prospects in the UK have boosted the pound, especially compared to the still relatively weak economic forecasts of other European currencies.