Commodity market report
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4 Pages

United Kingdom exchange rate outlook Q2 2015

United Kingdom exchange rate outlook Q2 2015

Report summary

A strengthening British economy and expectations of interest rate tightening underpinned a strong GBP through the first half of 2014. However, since hitting a 6 year high against the dollar in July 2014, the GBP has tumbled 9% against the US dollar. In the short-term the GBP is expected to depreciate modestly, before appreciating in 2016 and 2017. 

What's included?

This report includes 2 file(s)

  • United Kingdom exchange rate outlook Q2 2015 PDF - 362.40 KB 4 Pages, 1 Tables, 6 Figures
  • Exchange Rate Forecast Q2 2015 (portal).xls XLS - 115.50 KB


This Exchange Rate Outlook presents Wood Mackenzie's annual bilateral exchange rate forecast to 2035.

Our comprehensive understanding of commodity markets gives us a unique insight into the outlook for commodity currencies.

We forecast bilateral exchange rates by assessing fundamental drivers, including interest rate differentials, relative economic growth rates, productivity of the tradable goods sector, and the current account balance.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary

In this report there are 7 tables or charts, including:

  • Executive summary
    • Exchange rate forecasts
    • USD per GBP: Nominal Exchange Rate
    • GBP Real Trade Weighted Exchange Rate Index
    • UK Quarterly Current Account Balance
    • Inflation
    • Official Policy Interest Rates
    • 10 Year Government Bond Yields
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