Brazilian Real

The Brazilian Real is forecast to fall in the second half of 2018 as hopes that a new right-wing administration will deliver much-needed fiscal reforms fall on hard ground, as they encounter 'blockages' and implementation delays.

The Brazilian Real is rising against Sterling on expectations the right wing candidate in the presidential elections on October 28, Jair Bolsonaro, will win after his strong showing in a recent poll and his victory in the first round.