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10th Jan 2024 21:07U.K., Daily Monitor

  • We expect sterling to continue to appreciate gradually against the dollar, reaching $1.30 by the end of the year.
  • Markets’ expectations for Fed rate cuts look well founded, but the MPC will be more cautious than investors expect.
  • Public opinion would have to shift dramatically for the election to lead to a sterling-damaging hung parliament.

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Keywords for: 12 January 2024 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence