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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.
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This report includes 2 file(s)
United Kingdom exchange rate outlook Q2 2015 PDF - 362.40 KB 4 Pages, 1 Tables, 6 Figures
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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Commodity market report | May 2015
United Kingdom exchange rate outlook Q2 2015
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