The_Guardian_-_2016-12-29

hopes that it might finally crash through the 20,000 point mark for the first time ever.
Some investors are also bracing for fresh volatility in 2017, with a Trump presidency and the
triggering of formal Brexit negotiations likely to rock markets next year.
A survey of top City economists and fund managers found that 40% expect the pound to be languishing
below $1.20 in a year’s time.
“The UK economy has held up relatively well in the short time since the referendum, although without
clarity on the blueprint for exiting the EU, the longer-term consequences are still open to debate,”
said Chris Saint, currency analyst at Hargreaves Lansdown, who conducted the survey.
“Exchange rates are determined by the interaction of a diverse range of political and economic
factors, including interest rates, inflation and growth, all of which are up for grabs in 2017, which is
likely to make for lively currency markets in the coming year.”
This article was downloaded by calibre from https://www.theguardian.com/business/2016/dec/28/ftse-100-soars-tonew-closing-high
| Section Menu | Main Menu |