According to CoinMeta, strategist Antonio Ruggiero from foreign exchange risk management company Convera stated in a report that due to the higher yields of British government bonds, the pound is expected to perform well relative to those safe-haven currencies with lower bond yields. However, market prices have already reflected expectations of a larger interest rate hike by the Bank of England, so there is limited room for further appreciation of the pound. The pound against the euro is likely to trade in the range of 1.1920-1.20.