On September 20th, Jin10 Data reported that HSBC said the strength of the pound appears to be unsustainable because the Bank of England's interest rate cut may exceed market expectations, while the Fed's interest rate cut cycle may not be as aggressive as expected. HSBC forex strategist Nick Andrews said in a report, 'By 2024, the UK's data performance is better than expected, but risks still exist.'
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HSBC: The strong pound looks unsustainable
On September 20th, Jin10 Data reported that HSBC said the strength of the pound appears to be unsustainable because the Bank of England's interest rate cut may exceed market expectations, while the Fed's interest rate cut cycle may not be as aggressive as expected. HSBC forex strategist Nick Andrews said in a report, 'By 2024, the UK's data performance is better than expected, but risks still exist.'