Sterling seen vulnerable as U.K. inflation and fiscal pressures rise
RBC BlueBay Asset Management’s Mark Dowding says sterling looks vulnerable over the coming months amid expected increased inflationary and fiscal pressures for the U.K., with higher energy prices weighing more than for eurozone peers.
Sterling looks vulnerable over the coming months as the U.K. is expected to face increased inflationary and fiscal pressures, RBC BlueBay Asset Management's Mark Dowding says in a note.
The U.K. is exposed to greater inflationary pressure from high energy prices than its eurozone peers as it lacks…