Pound Will Have a Bit More Upside, Says Pictet’s Paolini

The video discusses the recent gains of the British pound, attributing them to factors such as weak valuation, economic data, and dollar weakness. It predicts a modest increase in the pound's value by the end of next year. The discussion then shifts to Brexit, suggesting that if the Conservatives win the election, Brexit will occur in January, followed by a period of relative calm. However, future trade negotiations are expected to be challenging, with a focus on the US election in the interim.

What do FX traders anticipate regarding the pound when the Brexit deal is reached?

What challenges are anticipated after the Brexit deal is finalized?