2nd August 2012
Sterling will be seen as a forex trading safe haven for the next 12 months or so, according to a new Reuters poll.
The news provider suggested that the GBP will hold its relative strength against both the dollar and the euro.
Reuters questioned 60 market analysts and they believe that in a year's time the pound will be worth $1.57, while one euro will be exchanged for around 79p. These figures show little change from last month's predictions.
However, with so much uncertainty still surrounding the eurozone things could change.
Much will depend on the European Central Bank's policy announcements and the crises surrounding both Greece and Spain.
Britain's economy is performing at a similar level to that of Europe as a whole, but the experts believe that the UK's independent central bank will make sterling a more attractive currency for investors.
The GBP currently trades at 1.5555 against the dollar and 1.2702 compared to the euro.
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