Sterling to roar back in 2018 – NatWest Markets

As Brexit uncertainty fades, the undervalued currency will gain ground against its peers

Sterling-market
Sterling shine: NatWest Markets expects an underpriced pound to appreciate in 2018

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The pound is set to outperform the euro and the dollar in 2018, as uncertainty around the UK’s Brexit negotiations fades, says Paul Robson, a senior FX strategist at NatWest Markets.

“We have long thought sterling’s prospects were better than the consensus suggested, with our long-held view being GBP/USD would recover to 1.30/1.35 during 2017,” he says.

Robson believes sterling has scope to positively surprise the consensus in 2018.

“For all the discussion

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