BBVA forecasts sterling relief in November

Fluctuations and volatility in the currency are to be expected, says Spanish bank

Sterling-market
Brexit suspense: if a deal is reached with the EU, the pound could reach 1.35 by December, says BBVA

CLICK HERE TO DOWNLOAD THE PDF

Sterling could see a relief rally in November if the UK and the European Union reach a compromise on Brexit, especially if positive news arrives in a market that is positioned for further bad revelations, says Alexandre Dolci, a G10 FX strategist at BBVA.

Between now and then, however, the pound is set for a continuation of its recent bumpy ride, as the possibility of a no-deal Brexit looms.

Dolci’s base-case scenario holds that the divorcing countries will reac

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week 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: