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Sterling loses immensely vs USD – Investec

Analysts at Investec share a positive outlook for sterling but see a number of challenges waiting ahead for it.

Key Quotes

“Sterling has lost roughly 10% vs the USD and 3% vs the EUR, compared to Q3 highs.”

“While the outlook for sterling does remain relatively positive, the prospect of rate hikes is still on the cards with the future path for GBP is very much an unknown.”

“With the threat of slowing inflation, a stuttering global economy and the UK General election in May, there are plenty of tests ahead.”

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