Thomson Reuters wins with bullish sterling view

Company calls for BoE to hike rates this year

forecasts

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Thomson Reuters topped last week’s
one-month currency tables with the view that the UK’s pound and the US dollar would be among the best performers in the G-10 space, as the two countries’ central banks look set to begin normalising rates.

On May 30, the company forecast cable, trading around 1.67 at the time, to climb to 1.70 on the back of widespread expectation that the Bank of England (BoE) would be the first major central bank to tighten its monetary policy.

Peter

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