Sell The Pound Is Analysts’ Mantra With BOE Hike Bets in Doubt
- Sterling fell to five-month low against dollar in Asia trading
- Dovish post-meeting communication can weigh on pound: CBA
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A surprise easing in UK inflation has handed pound bears a boost, and some analysts see more losses in the pipeline.
Sterling fell to $1.2305 in Asia trading on Thursday, the weakest since April as traders reassessed the odds for another Bank of England rate increase. Commonwealth Bank of Australia says the UK currency may weaken to around $1.2075 while Nomura Holdings Inc. sees a chance of it sliding to $1.18.