Bank of America pm Sterling, looking for gains in 2025. BoA cite
UK unlikely to be the focal point of Trump’s trade tariff plansUK reliance on its service sector will also offer some protection against any tariffsdirection of travel in Brexit is less hostile under the UK Labour government
BoA not looking for immediate sustained gains:
stronger dollar following the US election a limiting factor near term
But EUR/GBP likely to drop in 2025 amid political and fiscal volatility in the eurozone.
This article was written by Eamonn Sheridan at www.forexlive.com.
