The pound may climb up to 7 percent next month, at the expense of the US dollar, which is heading down, according to the “Bank of America”.
The growth would be a fact if Britain manage to get good trade deals with the EU during negotiations about leaving the European Union. Currently, the pound is cheap because of the “Brexit” panic and the expected activation of Article 50 later this year.
It is expected the pound to climb up to 1.40 per dollar. At the moment is 1,247. T
he bank experts explain that under normal circumstances, even in hard “Brexit” the pound will continue to rise at the expense of the dollar.
The US currency is having hard times after the inauguration of the new president Donald Trump.
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