# The Pound Sterling Great Reset: BoA See GBP Lower Vs EUR And USD In 2021

> Bank of America sees short-term scope for sterling gains as the risk premium declines after the UK/EU trade deal. It nonetheless forecasts GBP/USD at 1.33 and EUR/GBP at 0.94 by the end of 2021, implying a weaker pound over the medium term. BoA said sustained sterling gains require a pickup in UK yields.

- Date: 2021-01-19 · published 2021-01-19T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/49421-the-pound-sterling-great-reset-boa-see-gbp-lower-vs-eur-and-usd-in-2021
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A medium-term sterling decline would have only a marginal effect on dollar-priced feed commodities. The forecast carries no direct agricultural price signal.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/31693/2021-01-19-the-pound-sterling-great-reset-boa-see-gbp-lower-vs-eur-and-usd-in-2021.html

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