Where Will The £ Be By Year End?

[verolution]

i'm thinking close to $1.60

[oracle]

sticking to my early-year target of $1.75.

......have a feeling that the IR cut scenario has been overdone,retailers xmas won't be as bad as feared...thanks mainly to online,overseas purchases.

....US recovery still going and IR rises looking likely for longer....giving forex traders here a bit of a worry about sterling....so pricing in no change,rather than a cut.

10yr gilt to rise 20bps to 4.40%.