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TD Securities: British Pound Rally Against EUR and USD Is Unsustainable

BitcoinWorld TD Securities: British Pound Rally Against EUR and USD Is Unsustainable The British pound’s recent gains against both the euro and the US dollar are unlikely to persist, according to analysts at TD Securities.

The investment bank’s currency strategy team has issued a cautionary note, suggesting that the current rally lacks the fundamental support needed for a sustained move higher.

Why the Rally Is Seen as Temporary TD Securities analysts point to several factors underpinning their bearish view on sterling.

They argue that the pound’s recent strength has been driven more by short-term positioning and a broad pullback in the US dollar than by a genuine improvement in the UK’s economic fundamentals.

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