GBP review

Western Union:

The Sterling Pond has now given up a substantial part of the gains posted after the crucial general elections earlier this month. The strong US Dollar has reversed some of these gains. 

There are expectations that the UK economy which has the fastest growth rate among G-7 countries could see a rate hike sometime later this year. This will support the sterling pound and we could see this factor push the Sterling Pound back towards 1.6000 as we progress towards the end of the year.