Sterling, Euro Could Rise But Gains May Be Limited
1048 GMT - Sterling and the euro are likely to strengthen in coming months as the economic outlook for the eurozone and U.K. improves, but any gains could prove limited, HSBC says. "Despite this bullish outlook for the months ahead, we flag some early warning signs that the good news may not persist beyond the summer," HSBC forex analysts say in a note. A slowing disinflationary impulse and the impact of prior monetary policy tightening could increase downside growth risks later this year, and there is already signs of this in weaker credit growth and credit demand, they say. HSBC expects EUR/USD to rise to 1.15 and GBP/USD to reach 1.30 this year. GBP/USD last trades at 1.2452 and EUR/USD is at 1.1044. (renae.dyer@wsj.com)
COMPANIES NEWS:
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NextEnergy Solar Fund Plans to Divest 236MW UK Solar Assets Portfolio
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EnSilica Shares Rise on Guidance for FY 2023 Earnings to Beat Market Views
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Byotrol Sees FY 2023 Meeting Market Views; Names Trevor Francis as Chairman
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Trinity Exploration & Production Reports Solid 1Q Production -- Energy Comment
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X5 Retail 1Q Net Profit Rose on Increased Sales, Retail-Space Expansion
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4Global Expects to Report FY 2023 Revenue Rose on Strong Performance
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Quixant Sees Good Start to 2023 With Strong Demand; Proposes Name Change to Nexteq
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Gulf Keystone Targets Cost Reductions Following Iraq-Turkey Pipeline Shut-in
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Graft Polymer Shares Fall on Widened 2022 Pretax Loss Due to Higher Costs
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Yourgene Health FY 2023 Revenue Slipped But Beat Market Views
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Inspecs Group 2022 Pretax Loss Widened on Tough 2H
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Kelso Group 2022 Pretax Loss Widened on Higher Costs
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Engage XR Shares Rise After 1Q Revenue Growth
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Taylor Maritime Investments 4Q Net Asset Value Rose; Declares Interim Dividend
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PPHE Hotel Group 1Q Revenue Doubled on UK, Netherlands Performance
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Hotel Chocolat Shares Fall as It Guides for FY 2023 Sales Below Market Views
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Driver Group Shares Rise After 1H Profits Increase
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Inchcape 1Q Revenue Rose 50%; Sees FY Results in Line
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Spectris Backs 2023 Views After 1Q Sales Grew
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Naked Wines Expects In-Line Pretax Profit for FY 2023
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Kerry Group 1Q Revenue Rose on Strong Foodservice Growth
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CT Automotive Shares Tumble on Discounted Fund Raising
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Ibstock Early 2023 Earnings Beat Management Expectations Despite Subdued Demand
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Lancashire Holdings 1Q Gross Premiums Rose 23%
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RS Group Agrees to Buy Distrelec for EUR365 Mln
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St. James's Place 1Q Funds Under Management Rose On Quarter But Missed Views
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04-27-23 0750ET
