MUFG expects that the UK economic recovery will continue to gain traction with expectations of a Bank of England rate hike leading to higher yields which will boost the Pound. With strong capital inflows and the dollar remaining under pressure, the bank recommends buying the Pound to Dollar (GBP/USD) exchange rate at 1.4175 with a target of 1.4585 and stop loss of 1.3950. Mobility Data Indicates Very Strong UK Rebound MUFG recognises the risk posed by coronavirus developments, but does not consider that the recovery is at risk. “While there is a danger that the Delta variant delays the full reversal from lockdown, ... (full story)