This is via the folks at eFX.
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Synopsis:
Barclays remains optimistic on GBP, forecasting a rise in GBP/USD to 1.30 and a decline in EUR/GBP to 0.80 over the coming quarters. The outlook is supported by structural improvements, fiscal expansion, and relative resilience to tariff risks.
Key Points:
Conclusion:
Barclays foresees a favorable path for GBP through 2025, supported by fiscal resilience, limited exposure to tariff risks, and structural improvements in EU-UK relations. This positions the pound for gains against both the dollar and the euro, though uncertainties around labor cost dynamics remain a factor to watch.
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