According to the latest poll of almost 60 foreign exchange analysts, the British pound is expected to head higher towards the end of this year, as the UK and European Union (EU) are likely to strike a post-Brexit trade deal. Key findings “But London and Brussels remain far apart in negotiations, and the risk of a no-deal Brexit at the end of 2020 remains firmly on the table, analysts also say. Sterling would be at the same level in one- and three-months’ time. It will then shift up a gear to $1.27 by end-December when Britain’s transition period after leaving the EU is due to expire. The pound will be around 4% stronger than current levels at $1.29 in a year. Forecasts for the 12-month horizon were wide, ranging between $1.18 and $1.49, highlighting the uncertainty. Against the euro the pound will not see much action for a year. One euro will be worth the 90 pence it was on Wednesday in six months. In a year it will fetch 88 pence.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Futures Price Analysis: Trendline hurdle breached ahead of Payrolls FX Street 3 years According to the latest poll of almost 60 foreign exchange analysts, the British pound is expected to head higher towards the end of this year, as the UK and European Union (EU) are likely to strike a post-Brexit trade deal. Key findings “But London and Brussels remain far apart in negotiations, and the risk of a no-deal Brexit at the end of 2020 remains firmly on the table, analysts also say. Sterling would be at the same level in one- and three-months’ time. It will then shift up a gear to $1.27 by end-December when Britain’s transition period after leaving… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
