The GBP USD exchange rate is expected to stay at current levels as the US economy is expected to rely on a weaker dollar for an export lead recovery.
"The US like the UK also needs to rebalance their economy away from their dependance on consumer spending to a reliance on exports," says Rea. As such a more competitive dollar is an important part of this adjustment.
Currently the GBPUSD is up 0.887% while the GBPEUR is up 0.730%.
