Why is the Pound not reacting like a normal high-yield currency right now?
#GBP #Forex #Macro #BondYields #Sterling
I’ve been following the Pound lately and something feels unusual. Normally, higher bond yields are expected to support a currency, but GBP doesn’t seem to be reacting the way a typical high-yield currency would. Is the market more focused on growth concerns, expectations around future rate cuts, positioning, or something else entirely? Curious how people are thinking about this and whether there are macro factors that make the usual yield relationship less reliable right now.
u/Beginning_Pay5078 — 15 days ago