Sterling to roar back in 2018 – NatWest Markets

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

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


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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