Expert analysis on sterling maintains that the currency will remain stuck in the doldrums against the euro for the foreseeable future.
The UK’s Office for Budget Responsibility indicated in their Spring Statement forecasts that the pound would claw back just €0.01 against the euro by the end of the 2018 -19 fiscal year and then inch towards parity against the euro. The pound’s recent highs and lows against the euro - €1.20 in April 2017, €1.07 in August 2017, and standing near €1.14 today, indicate the volatility.
All projected forecasts are contingent on the Brexit negotiations that are ongoing and also subject to volatility.
