Will £ Hit $1.50 in 2025?
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Will £ Hit $1.50 in 2025?

Steven Bell
Steven Bell
Chief Economist, EMEA

Key Takeaways

  • The US v UK interest rate outlook has undergone a radical shift in recent weeks. In the currency markets, this has been reflected by support for sterling.

  • This could be dented if rising household energy bills dampen the outlook for improving UK growth but we expect the overall impact to be limited.

  • Consumer confidence should bounce back after the Budget, later this month, as the government has overdone the expectations management.

  • In the US, most members of the FOMC feel the war against inflation has been won but the Fed remains acutely sensitive to further labour market weakness.

  • Forecasting currencies is a risky business but I think the next major move in sterling is up.

Transcript
30 September 2024

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Will £ Hit $1.50 in 2025?

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