The Weekly FX Navigator (11 May 2021): GBP shrugs off Scottish elections

11/05/2021 2 min
The Weekly FX Navigator (11 May 2021): GBP shrugs off Scottish elections

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Episode Synopsis

The last week has proven to be a relatively lively period for the GBP following the conclusion of the Bank of England policy meeting and the Scottish elections. A ‘buy-on-dips’ approach is still attractive for GBP/USD, in our view, given we expect an increasingly less dovish BoE and continued rapid re-opening of the UK’s economy. Speakers:DJ Cheong, Investment Strategist, Standard Chartered Bank