UGBP - G10 FX Week Ahead: Running On Faith
By Chris Turner, Global Head of Markets and Regional Head of Research, Francesco Pesole, FX Strategist and Petr Krpata, Chief EMEA FX and IR Strategist
The optimistic tone in the markets may extend into this week as major economies plan to ease lockdown measures. However, the Fed and ECB will have to maintain an accommodative tone to prove investors’ “faith” in them has not been misplaced and avoid hindering the recovery in sentiment. We think they will: mostly to the detriment of USD and to the benefit of AUD