Dollar or Euro prices will continue to follow an upward trajectory over the medium term, albeit at a modest rate
on this front will be largely determined by the Russian- Ukraine war. Political analysts are of the view that constrained resources could drive both parties toward a settlement in 2024. This is however one of a few possible scenarios, impacted by global geopolitics. An extended war, where Russia
sees support from countries such as China, could prolong the cost of living pressures in the Eurozone and the United Kingdom, beyond 2024.
A constraining factor continues to be the sustained cost of living pressure, driven by high energy prices, in the UK and EU. Whether consumers can expect some relief
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