Societe Generale Warns British Pound Vulnerable to US Dollar Strength

Ripple's XRP escrow of 38 billion tokens may take nearly a decade to fully unlock, according to CryptoRank. Meanwhile, Societe Generale has warned that the British pound is showing increasing signs of vulnerability, largely tied to the trajectory of the US dollar.

The French banking giant's currency strategists pointed out in a recent note that sterling's near-term outlook remains heavily dependent on broader dollar dynamics, rather than domestic UK factors alone. This means if the dollar strengthens further due to strong US economic data or hawkish Federal Reserve policy, the pound could face renewed selling pressure.

The analysts emphasized that the pound's resilience is being tested by external factors, including global risk sentiment and interest rate differentials. The Bank of England's own monetary policy path also plays a role, with the market pricing in a potential easing cycle later this year. This divergence between the Fed and BoE expectations could further weigh on sterling.