Post-Brexit deal, sterling's rally expected to moderate in 2021
Add BT as a preferred source
Singapore
AS the sterling pound (GBP) settles to more sensible levels following Christmas eve's Brexit deal, analysts largely agree that the pound's rally in the lead-up to the deal signing cannot be sustained, and any appreciation next year will be milder.
Stephen Yeo, forex manager at Phillip Futures, believes the GBP/USD could reach a monthly high of around 1.40 in the long term, while the pound has the potential to climb near 1.8250 against the Singapore dollar (SGD) on vaccine developments, free trade agreements and a weak greenback.
TRENDING NOW
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
High Court dismisses StanChart's appeal to strike out US$2.7 billion 1MDB-linked lawsuit
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
