Bank of America is the largest long pozisyonlar in Wall Street, and it is expected that the pound will rebound strongly in 2025.

Bank of America has become the largest long position in the pound on Wall Street, predicting that the pound will rise to the highest level since 2016 against the euro by 2025, and the pound against the dollar is expected to pump 8%. Bank of America expects the pound to rise to 1.25 against the euro, the highest level since the 2016 Brexit referendum, and the pound against the dollar will rise to 1.38 by the end of 2025. This is due to the stronger economic growth in the UK compared to the eurozone, as well as the fiscal stimulus and higher interest rates in the UK. The pound is the best-performing G10 currency this year, excluding the dollar. The pound's strength is due to political stability after the UK general election and market expectations that the Bank of England will cut interest rates at a slower pace than the European Central Bank. Athanasios Vamvakidis, Global Head of G10 forex strategy at Bank of America, said that the momentum for the pound's strength is still there.