Convera Strategist Antonio Ruggiero: High UK Bond Yields Expected to Support Sterling

According to Jin10, Convera foreign-exchange risk management strategist Antonio Ruggiero said in a report that higher UK government bond yields are expected to help the pound outperform safe-haven currencies with lower yields. However, market prices already reflect expectations of larger Bank of England rate increases, limiting the pound’s further upside. The pound could trade against the euro in a range of 1.1920 to 1.20.