-
Pound’s Worst Day in a Year Revives Emerging-Market Parallels
Sterling’s worst session in a year has analysts once again comparing its gyrations to currencies like the Mexican peso or South African rand, rather than the dollar or euro. The developing-market parallels were first drawn amid the U.K.’s tortuous exit from the European Union. They’re making a comeback after the possibility of early rate hikes by the Bank of England failed to stem the pound’s rout this week. “Price action is beginning to resemble that of an emerging-market currency,” said Adam Cole, chief currency strategist at RBC Europe. “It is probably too soon to conclude that a major derating of ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 29, 2021 1:02pm Sep 29, 2021 1:02pm
- Onlypips
- | Joined Jun 2021 | Status: Member | 10 Comments
- Comment #2
- Quote
- Sep 29, 2021 1:32pm Sep 29, 2021 1:32pm
- Bakker
- Joined Jun 2011 | Status: Member | 3252 Comments
- Comment #3
- Quote
- Sep 29, 2021 2:45pm Sep 29, 2021 2:45pm
- Guest
- | IP XXXX:8b80:1d7
- Comment #4
- Quote
- Sep 29, 2021 11:38pm Sep 29, 2021 11:38pm
- lance338
- | Joined Aug 2011 | Status: Member | 15 Comments
- Comment #5
- Quote
- Sep 30, 2021 1:26am Sep 30, 2021 1:26am
- Bakker
- Joined Jun 2011 | Status: Member | 3252 Comments