Top Pound Forecasters Are Bullish as Brexit Worries ‘Overplayed’
- Argentex tops pound ranking in 1Q 2018, sees $1.46 by year-end
- Investec ranked first overall, sees two BOE rate hikes in 2018
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The most accurate pound forecasters are keeping calm and see the currency climbing more than 8 percent this year.
Sterling’s bumpy ride since the end of January has done little to alter the view of John Goldie at London-based broker Argentex LLP, which holds the top position for the pound against the dollar in Bloomberg’s latest survey ranking. He sees the currency ending the year at $1.46, compared to a median poll of $1.42. Investec, which topped rankings for major currencies, said the underlying fundamentals support a bullish sterling view.