2024 Forecast: Pound Sterling resilience and election boost according to Argentex

Global payments firm Argentex says 2024 will be characterised by further Pound Sterling resilience, with a potential boost coming from elections due in the second half of the year.

In a research note setting out forecasts and scenario analysis, Joe Tuckey, Head of FX Analysis at Argentex, says UK and US elections loom large for FX markets in 2024.

“In the UK, Labour’s assertion that they would integrate closer to Europe is seen as a potential sterling positive,” he says.

“As the general election, likely to be in Autumn, approaches, certain sterling positive themes may emerge and be priced in driven by manifesto pledges,” he adds.

Argentex Group plc (LON:AGFX) is a leading provider of bespoke currency risk management and payments solutions for businesses and financial institutions

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