Lloyds benefits from strong sterling
Trevor Williams, chief economist at the bank in London, said its currency views are shaped by short-run dynamics, driven principally by numerous perceptions. These included rates of return, and medium-term economic trends, principally differences in productivity, economic growth, inflation and fiscal balances.
"Both of these – economic fundamentals and interest rate differentials – explain our expectation of a rise in USD/GBP to around current levels," he told FX Week.
"We had factored in a peak
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