The Pound to Dollar exchange rate is set to fall below 1.0 before the end of the year, according to new research. Nomura - the Japan-based international investment bank - says it is looking for the 2022 sell-off in the Pound to continue as the UK is in the grip of a fundamental balance of payments crisis. "This is a fundamental balance of payments crisis, with politicians hoping it will eventually just calm down. Hope is not a strategy," says Jordan Rochester, strategist at Nomura. He assigns a break below 1.0 as having a 4 in 5 chance. These high odds come on an historic day for the Pound in which it fell to its ... (full story)