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George Ma
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Forex
May 28 16:05

Investec: GBP will end the year at US$1.26

Discussions about negative rates are becoming more common in the UK.
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GBP should end the year with positive results, as British restrictions due to the coronavirus will be gradually removed, the Bank of England will decide against negative interest rates and eventually a trade deal between the UK and the EU will be concluded, says Investec.

According to Investec analysts, the UK government will try to mitigate the quarantine "sooner rather than later" as the level of public debt "should take off" for the implementation of fiscal stimulus measures aimed at mitigating the impact of the coronavirus in the economy.
Discussions about negative rates are becoming more common in the UK, although the Bank of England is likely to avoid this. As for Brexit, Investec analysts expect that thr UK and EU will reach agreement on goods with zero tariff.