Structural demand for sterling FIG paper questioned

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Structural demand for sterling FIG paper questioned

Banknotes featuring a portrait of King Charles III, first issued in June 2024 by Bank of England, UK

◆ Sterling issuance drops off after January rush ◆ Issuers may be cautious about high sterling rates ◆ Concerns around 'Fickle' investor base

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