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5 Feb 2015
Sterling is vulnerable to slowing capital inflows - BAML
FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch noted risks to the pound.
Key Quotes:
"In recent years, the UK, Euro area, and EEMEA benefitted from reserve diversification away from the USD."
"A drying-out of petrodollar flows should reduce funding availability for current account deficit countries, particularly the UK. "
Key Quotes:
"In recent years, the UK, Euro area, and EEMEA benefitted from reserve diversification away from the USD."
"A drying-out of petrodollar flows should reduce funding availability for current account deficit countries, particularly the UK. "