The document discusses the economic outlook for the UK in 2014, focusing on inflation risks, potential FDI inflows, and the current account deficit. It predicts that sterling will be supported by inflation and FDI inflows but constrained by a widening current account deficit and a stronger USD. The document is moderately bearish on EUR/GBP and GBP/USD, forecasting 80p and 1.54 by the end of the year, respectively. It also suggests buying GBP versus CAD due to vulnerabilities in the Canadian economy. The document includes a table showing the budget for UK Trade and Investment from 2008 to 2013.
doj/DataSet10/EFTA01451186.pdf
{"title":"FX Blueprint: Thin end of the wedge","document_date":"2014-01-09","document_type":"tabular","key_locations":["UK","London"],"key_organizations":["Deutsche Bank AG"]}