Schedule euro to pound at intervals of 1 week
Sterling is set to strengthen against the euro next year, as the UK economy is likely to outpace the eurozone, according to Danske Bank.
“The UK is gradually resuming its economic activity, supported by a rapid vaccination program, which, combined with businesses getting used to the new EU-UK trade relationship, means that the outlook for the UK economy looks much better,” says Danske analyst Mikael Milhoy.
The Bank of England is unlikely to raise interest rates in 2022 as some market participants expect, he said, but it will ultimately tighten monetary policy in opposition to the European Central Bank.
Danske expects the euro / pound rate to fall to 0.83 in 12 months.
The pair was last traded 0.1% lower to hit 0.8687.
According to Dow Jones Newswires
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