Sterling to recover by year’s end – ABN Amro

Despite Brexit-related pressures, sterling’s prospects remain positive, says the bank

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ABN expects sterling to strengthen by the end of 2018

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Despite sterling’s recent beating in FX markets on the back of comments from a government minister that the UK could crash out of the European Union without a trade agreement, Georgette Boele, a senior FX strategist at ABN Amro, believes the currency will regain the ground lost and end the year on a higher note.

UK trade secretary Liam Fox’s admission on August 5 that the prospect of a ‘no deal’ Brexit outcome was 60% sent the pound tumbling on Monday to a 12-mon

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