Gold 10 data, September 20th news, HSBC said that the strength of the pound looks unsustainable, because the Bank of England's interest rate cut may exceed market expectations, and 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: Pound's strength looks unsustainable
Gold 10 data, September 20th news, HSBC said that the strength of the pound looks unsustainable, because the Bank of England's interest rate cut may exceed market expectations, and 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.'