Pound to Shake Off Brexit Blues and Hit $1.50 This Year: ING
MacKlow-Smith Says Pound is Undervalued Long-Term
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This will be the year the pound shakes off its blues and returns to pre-Brexit levels, according to the currency’s most bullish forecaster.
An early Brexit transition deal and positive economic data surprises could boost sterling’s fortunes and even drive a Bank of England interest-rate hike in the first half of the year, according to Viraj Patel, a foreign-exchange strategist at ING Groep NV, which sees the currency gaining to $1.53 by year-end. The Dutch bank isn’t the only positive one on the pound, which tops the buy list of Bank of America Merrill Lynch and Nomura International Plc.