British pound continues to grow against US dollars.
Matt Cardy | Getty images
Too British pound At the highest level of three years – and experts are divided into further growth potential.
The UK currency lasted $ 1.36 in London in London.
He slightly dropped from Tuesday, when the sterling reaches the highest level from January 2022.
So far, the pound copy has increased by 8.7% over the green side.
GBP / USD price
Against the euroHowever, sterling has decreased by 2.9% since the beginning of the year. The last time trades in the currency of the eurozone will buy about 1,173 euros.
Dollars weakness
According to Janet Mui, the head of the market analysis at RBC Brewin Dolphin is much feeble than the fads of the dollar rather than the above trajectory of many pounds.
“The background of the background was weak USD This year, “he said on Wednesday at CNBC.
Unpredictable trade policy of US President Donald Trump Trust in American Assets at the beginning of this yearThis, in turn, caused anxiety about devonation in the markets.
Paul Jackson, Head of the Global Asset Allow Asset Allow Asset Allocation, Sterling has been a “very low” recovery visit to former British Prime Minister Liz Trouuses Called the mini budgethe flew away heavy sales Bonds from the Pound and British government in 2022.
However, most of this year’s movement agreed that the dollar was associated with the weakness of the dollar against the dollar of euro.
Will sterling become higher?
“I expect the United States to weaken the United States in the future (and the investor can strengthen the opposition on the effects of US Fiscal and tariff policy), and the euro can strengthen the opposition about the impact of the European growth, – said Inalso Jackson.
He completed a lot of money relief for the current cycle, and the British bank and the federal reserve “catch a lot of things”.
“After 12 months I expect to be about 1,40, and I would expect to be up to 1,40 and GBPEUR 1.15 (now 1.17), – added Jackson.
Jackson’s forecast is 2.9% of the exchange rate of the dollar.
RBC Brevin Dolphin’s Mui not surprising for the British pound in the coming months, but geopolitical events could further fight high-term prospects.
“In the near future, up to the pound can be distended due to economic moment of UK UK and reducing the Bank’s tariffs,” he said.
“Forward, one potential catalyst for the pounds will improve relations with the EU, especially in the course of time.”
Brian Mangwiro, an investment manager with a multi-acting range of assets, has a lot of pessimistic.
“We will have GDP in the medium term
It does not justify the performance of the macroeconomic funds this year against the erection of sterling this year, replaced it to a Sale of US dollars from Freedom Date.
Dollar index until the year.
“The markets were very heavy in the UK Chancellor Rivis Budget“He said.” Therefore, the surprises supported GBP. However, we continue to wait for the UK’s economic growth and slowdown to slow down inflation; A bank of England is also recognized. This further supports the spread of Boe, in finalizing, the weight of the water gradually.
Mangviro also noted that the dollarization risks seemed to be “excessive”.
“The feeling returns us because the worldview and corporate wages will be flexible due to the growth of the United States,” he said. “In addition to placing the current emergency short USD, this USD must lower the ton, drag cable.”
