Year-end targets

By the end of the fourth quarter, Mazanec saw potential for the sterling to retest the 2005 lows, reached in mid-July, around $1.72. Dolan saw the $1.87 area as the upper end of a 3-month range and the $1.77/1.75 area on the bottom end of the year-end range.

“It is still one of the stronger economies in the globe, but there is going to be some tinkering, with another rate cut or two,” Mazanec says.