Sterling is taking on ’emerging market’ characteristics: Bank of America | CNBC

“The UK economy shrank by 0.1% in March and economists expect further contractions this year.” https://www.cnbc.com/2022/05/31/sterling-is-taking-on-emerging-market-characteristics-bank-of-america.html?__source=sharebar|twitter&par=sharebar

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British Pound Risks Crisis Usually Seen in Emerging Markets, Bank of America Warns | Bloomberg

“Politicisation of policy undermines pound as BoE flounders. Pound is third-worst-performing major currency this year.” https://www.bloomberg.com/news/articles/2022-05-30/sterling-risks-existential-crisis-with-em-parallels-bofa-says

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