FX Markets

Sterling unlikely to breach $2

None of the banks polled by FX Week anticipate cable breaching $2, but all said that they see the dollar weakening against the pound further this year and in the first quarter of 2005.

Zahra Ward-Murphy, debt research analyst at Dresdner Kleinwort Wasserstein in London, said sterling is likely to peak at 1.95 before it slowly begins to correct itself. An analyst at Rabobank said the looming cut in interest rates combined with a slowdown in the housing market could hit the economy, meaning

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: