Liquid Insight UK - Trading Places Key takeaways By Kamal Sharma, Sonali Punhani; Mark Capleton; Agne Stengeryte Accessible version Chart of the day: GBP/USD spot level vs cyclical fair value Neutral bias on GBP supported by modest overvaluation vs fair value Source: BofA Global Research, Bloomberg 1.3 1.31 1.32 1.33 1.34 1.35 1.36 1.37 1.38 1.39 Jul 25 Sep 25 Nov 25 Jan 26 Mar 26 May 26 Jul Spot FairValue A new dawn part #8 As the dust settles on the musical chairs of yet another Cabinet reshuffle, a week ...