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Q4

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Multiple pound notes £5, £20 and £50 Pound Sterling

GBP/USD outlook: We expect further weakness for cable in Q4

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

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October 3, 2023 03:30 PM

S&P 500 Q4 Earnings Season Midway Check-up

As anyone who’s had a baby can tell you, regular check-ups and measurements can help assess progress, and with fully 40% of the companies in […]

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