The British Pound outlook for 2021 £ with a focus on the dollar.
As we head into spring while flu season is abating and lockdown apparently soon to be eased, an abundance of optimism fills the air and one wonders where the once great Bastion of currencies, the British Pound, finds itself heading over the next year, particularly if you are an importer, exporter or speculator of Dollars.
Much emphasis is placed by the economic ‘experts’ on UK currencies focus solely on Brexit and on Biden’s opinion of the EU when actually lockdown is the vital ingredient here. Sure, those aspects would be the most important in deciphering the movement of the pound over the next year but now they must play second fiddle to the overbearing, totalitarian tentacles of the nanny state who have taken your safety into their own hands by forcing closure of businesses to help ‘stop the spread’.
As predicted, Brexit is a disaster, its impact hidden under the smoke screen of Covid-19
As I explained in my last video below, just before the election in USA in Jan this year, the pound looked set to yoyo against the Dollar (short term rise) between 1.3 and 1.5 for the entirety of Biden administration pending no further world disaster comparable to Covid 19.
This is exactly what it has done because Biden has tried to shut down the economy.
Brexit will not cause the pound to fall against other currencies at first but hyperinflation is a possibility here in a year, we will know more in 6 months.