According to the latest Reuters poll of around 70 foreign exchange strategists, the outlook for the British pound looks more upbeat after the UK departs from the European Union in March 2019.
Key Findings:
“While there may be volatility in between, the median forecast in the wider poll of around 70 strategists taken this week was for it to have moved little from there in three and six months.
In a year from now a pound will be worth more, $1.39. While that is just a touch weaker than the $1.41 predicted in June it is well below a recent high above $1.43, and nearly 10 cents below where it was just before the referendum result over two years ago.
Against the euro, the pound will barely move, the poll predicted. On Thursday a euro EURGBP was worth 88.2 pence and in a year’s time it will get you 88.0p.”
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