Analyst: The pound may fall after a recent rebound

On 17 July, Matthew Ryan of Ebury stated in a report that the pound could weaken after a recent rebound, driven by the optimism of Andy Burnham as British Prime Minister after Kiel Stammer resigned. “We believe that the pound pound rebound is reasonable in some way, but it is increasingly an example of `buy-in rumours, sell-out facts'.” Ryan stated that slow growth in the UK and uncertainty surrounding future fiscal policy could lead to a weakening of the pound sterling. Kim Xian