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Economics & Business News

Named the currency that will bypass the dollar

Andrey Maslov, an analyst at FG Finam, told the Prime agency that now the dollar represents the stability of savings, but for their diversification, the British pound should not be discounted.

According to the specialist, thanks to the policy of the Bank of England, it can compete with the dollar this year.

The dollar traditionally retains the greatest attractiveness for investments against the background of the Fed's planned rate increase for March.

The specialist warned that the yen, euro and franc should not be considered as an alternative to dollar savings, since this year the central banks of the respective countries are rather “soft” and are unlikely to raise rates.

While the Bank of England raised the rate for the second time in a row. This hasn't happened since 2004. According to analysts, the British regulator will continue to do so due to inflation. As a result, this will lead to the fact that the pound will become a worthy competitor to the dollar.

Earlier, the Russians were revealed a way to profitably buy foreign currency. Aleksey Krichevsky, an expert at the Academy of Financial and Investment Management, said that it is best to buy foreign currency directly on the market through the stock exchange - in this case there is no bank commission and markup.

Named the currency that will bypass the dollar