Columbia Threadneedle Sees Pound Rising to Highest Since Brexit
- Steven Bell’s forecast is the most bullish in Bloomberg survey
- Better UK confidence, rising equities will also boost pound
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Columbia Threadneedle Investments sees the pound climbing to levels last seen before the Brexit vote, by far the most bullish call among peers, as the UK eases policy at a slower pace than the US.
Sterling will move toward $1.50 next year as comparatively high interest rates bolster the appeal of the nation’s securities, according to Steven Bell, chief EMEA economist at the UK asset manager. The closest forecast in a Bloomberg poll is for a rise to $1.42 by the end of next year.