fxstreet.com 23 Feb, 2021 08:45 am

GBP/USD to rise to 1.45 as the UK is on course to recover rapidly – CE

GBP/USD to rise to 1.45 as the UK is on course to recover rapidly – CE
Strategists at Capital Economics think that the government’s roadmap for easing England’s current COVID-19 lockdown will direct the economy back to it

Strategists at Capital Economics think that the government’s roadmap for easing England’s current COVID-19 lockdown will direct the economy back to its pre-pandemic size by the first quarter of 2022.Key quotes “With the government now aiming to give all adults their first vaccine dose by the end of July, we think the lockdown easing roadmap will allow the economy to climb back to its February 2020 level late this year and to the same level as in Q4 2019 in Q1 2022.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

With the Chancellor and the Bank of England unlikely to knock the economy off course with tighter policy, gilt yields are unlikely to rise much further.” “The Chancellor and the BoE are unlikely to knock the recovery off course by tightening policy.

Read full story at fxstreet.com