A Best Performer in 2015? The Outlook for the Pound

The video discusses the recent decline of the British pound against the US dollar, highlighting that the drop is more due to the dollar's strength than the pound's weakness. It analyzes sterling's performance against 31 major currencies, noting that only the Hungarian forint has risen against it. The video also explores future expectations for sterling, with traders and strategists predicting it to be a strong performer. Interest rate projections from the Bank of England and the Federal Reserve are discussed, with potential rate hikes anticipated. Despite the pound's decline against the dollar, it has risen against most other major currencies.

What was the main reason for the pound's decline against the dollar according to strategists?

• Strength of the dollar

• Economic policies in the UK

• Weakness of the pound

• Brexit uncertainties

Which currency was the only one to rise against the pound in the last month?

• Mexican peso

• Russian ruble

• Hungarian forint

• Chinese renminbi

What is the general expectation for the pound's performance in the coming year?

• It will decline further

• It will be one of the best performers

• It will remain stable

• It will fluctuate unpredictably

What factor is primarily influencing the pound's value according to the transcript?

• Political stability

• Rate expectations

• Trade agreements

• Inflation rates

When is the Bank of England expected to raise rates according to forward contracts?

• December

• September

• August

• February