GBP Politics and Policy

The report analyzes the consolidation of the GBP amid easing UK political tensions and provides updates on RBA and BoC policy outlooks.

Key Takeaways

• 1.The GBP has stabilized as UK political drama subsides and key leadership candidates signal respect for existing fiscal commitments.
• 2.The RBA is likely to skip a rate hike in June, despite hawkish rhetoric regarding asymmetric inflation risks, as financial conditions are deemed restrictive.
• 3.Canadian CPI is expected to rise in April due to base effects, but cooling core inflation suggests the BoC is unlikely to tighten in the near term.

Table of Contents

• Asia overnight
• GBP: politics and policy
• AUD: RBA balancing asymmetric risks
• CAD: no so fast
• Open trade recommendations
• Key events
• FX Research advanced tools
• Red Mount Analytics

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