There Is Limited Upside to the Dollar, Barclays Says

The transcript discusses the current positioning in the dollar, influenced by the Fed's hawkish shift and Omicron uncertainty. Investors are reducing risk, with a focus on central bank decisions. The Fed's policy contrasts with the ECB's, affecting euro and dollar movements. Market volatility is expected to decrease in 2022, with Omicron's impact being monitored. The Bank of England's communication challenges and political issues affect sterling's outlook. The dollar remains the ultimate safe haven compared to the yen.

How is the market expected to react to the upcoming monetary policy announcements?

What is the anticipated impact of the Bank of England's decisions on the pound?

What is the outlook for sterling in 2022 according to the text?