Forecast: UK’s currency may fall by 10%

04.10.2022,16:22


October 4, Fineko/abc.az. The pound sterling rose in price again last week amid news that the British government had abandoned a tax cut plan.

ABC.AZ reports that the British currency fell to a historic low on 26 September from 1.0350 against the US dollar. Then an increase of about 10% was registered.

At that, Standard Chartered Plc and Royal Bank of Canada point to policy mistakes, predicting that by the end of the year the pound will fall by another 10% compared with current levels.