Despite recording its worst January in three decades this year, down 2.7% against a basket of other major currencies including the pound, the U.S. dollar had been on a bull run since Donald Trump’s shock presidential election victory in November. One British pound currently buys around $1.25, down from $1.35 immediately prior to the Brexit vote. Experts such Mark Astley, CEO of currency management specialists Millennium Global, expects GBP to drop to as low as $1.2 by some point over the course of 2017. With most analysts expecting the USD to resume its surge over the course of 2017, what…
What Does the Dollar Surge Mean for the UK Economy?
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