Bank of America predicts that the pound is expected to rise in 2025, due to the minimal impact of Trump's trade tariff plan on the UK, the reliance on the service sector providing some protection, and the less hostile direction of Brexit under a Labour government. However, the pound is still limited by the strengthening of the dollar after the US elections, and the euro against the pound may fall in 2025.
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Bank of America predicts that the pound is expected to rise in 2025, due to the minimal impact of Trump's trade tariff plan on the UK, the reliance on the service sector providing some protection, and the less hostile direction of Brexit under a Labour government. However, the pound is still limited by the strengthening of the dollar after the US elections, and the euro against the pound may fall in 2025.