Sterling hits the big time!

Pound Sterling Forecast – Could the Pound Fall Lower Still?

Sterling has hit the big time this year as it shakes off the worst of the last few years and sets sights on the future. The UK’s economic position has improved massively of late and is arguably now one of the worlds leading economies again. Especially when compared to other leading economies and currencies like for example the US and Euro.

There are risks up ahead of course, notably the Scottish Referendum and any further deterioration in the Eurozone economy. On balance we would have to expect sterling to remain well supported and should it manage to avoid the more obvious risks ahead of next year, we could see further strength in the new year as it becomes more apparent the UK’s recovery is underway and the prospect of raising interest rates looms.

Should you have any currency transfers please don’t hesitate to contact us for a forecast on just where the rates could be once your transaction is settled. Getting the best rates through the multiple sources we trade through, we are very well placed to help you maximise any transfers.

 

For more information please contact me Jonathan on jmw@currencies.co.uk