Corpay, a leading financial forecasting firm, predicts that the pound sterling is set for a year of volatility against both the euro and the dollar.
In a recent report, Corpay highlighted the potential for fluctuations in the value of the pound sterling in the coming months. This volatility is expected to be driven by a range of factors, including economic data releases, political developments, and changes in market sentiment.
While the exact direction of the pound sterling’s movements is difficult to predict, Corpay warns that investors should be prepared for potential swings in the currency’s value. This could have implications for businesses and individuals who trade or hold assets in pounds.
Overall, Corpay’s forecast suggests that the pound sterling is likely to experience a turbulent year ahead, with uncertainty surrounding Brexit negotiations and global economic conditions adding to the potential for volatility. Investors and market participants are advised to stay informed and be prepared for potential fluctuations in the value of the pound sterling against both the euro and the dollar.