The British pound was slightly down at $1.35 on Friday, not far from the $1.36 level hit the day before, which was the strongest since April 2018. It was also on course for a 2.4% weekly gain, its best weekly rise in six months, on hopes of a Brexit trade deal breakthrough before the end of the year. Still, on Friday the European Union Brexit negotiator Michel Barnier said that there was a chance of getting an agreement but the path to such an agreement was very narrow. On the economic data front, British retail sales fell 3.8% in November, as demand was hit by a four-week lockdown in England; while consumer morale in December improved considerably boosted by the launch of the country's coronavirus vaccine programme.
Historically, the British Pound reached an all time high of 2.86 in December of 1957. British Pound - data, forecasts, historical chart - was last updated on December of 2020.
The British Pound is expected to trade at 1.34 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.32 in 12 months time.