Mitsubishi yen: the probability of a further substantial increase in the pound sterling is low

Lee Hardman of Mitsubishi Union Bank noted in his report that, although the real return rate in the United Kingdom had risen with inflation adjustments and fiscal concerns had eased, there was little possibility of a further substantial increase in the pound sterling. He said: “Following the recent strong increase, we believe that the market has factored a great deal of good news into the exchange rate of the pound sterling, which will limit its further access.” As a result of the conflict between the United States and the United States, the rise in energy prices pushed up the return on British bonds. With the coming Prime Minister, Andy Burnham, committing himself to financial accountability, the market has eased initial concerns about political risks. Hardman also referred to reports that Burnham would appoint Minister of the Interior, Shabana Mahmoud, as Minister of Finance, which could further alleviate market concerns about the financial situation。