# Sterling to rise to pre-Brexit levels next year, Bank of America says

> Bank of America's Athanasios Vamvakidis forecasts sterling will reach $1.43 by end-2025 and $1.54 by end-2026, returning to pre-Brexit levels. Sterling is near $1.34 and has gained about 7% this year as the dollar sold off over Trump's tariff regime.

- Date: 2025-04-30 · published 2025-04-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/25376-sterling-to-rise-to-pre-brexit-levels-next-year-bank-of-america-says
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer pound and weaker dollar shift the relative cost of US feed ingredients for UK and European buyers and can support dollar-denominated grain and oilseed prices. The effect on feed prices is indirect and modest.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-01 | [Sterling keeps rising after the Bank of England raised the bar on rate cuts](https://feedsoft.ai/events/21759-sterling-keeps-rising-after-the-bank-of-england-raised-the-bar-on-rate-cuts.md) | +0.3% | -1.5% |
| DXY | 2020-02-12 | [2020-2021 Exchange Rate Forecast: Pound Sterling And Dollar To Lose Ground This Year Say Commerzbank](https://feedsoft.ai/events/54834-2020-2021-exchange-rate-forecast-pound-sterling-and-dollar-to-lose-ground-this.md) | +0.4% | +1.6% |
| DXY | 2018-11-01 | [Sterling has second biggest rise in 2018 on Brexit optimism, dollar woes](https://feedsoft.ai/events/62299-sterling-has-second-biggest-rise-in-2018-on-brexit-optimism-dollar-woes.md) | -1.1% | -0.1% |
| DXY | 2025-02-06 | [Yen hits 8-week high; sterling drops after Bank of England rate cut](https://feedsoft.ai/events/26320-yen-hits-8-week-high-sterling-drops-after-bank-of-england-rate-cut.md) | +0.3% | -1.5% |
| DXY | 2022-09-28 | [Sterling, euro rally against dollar after Bank of England buys UK bonds](https://feedsoft.ai/events/39830-sterling-euro-rally-against-dollar-after-bank-of-england-buys-uk-bonds.md) | -1.8% | -1.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/04/30/sterling-to-rise-to-pre-brexit-levels-this-year-bank-of-america-says.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.