October 29, 2023 – Written by John Cameron
Leave a comment STORY LINK Pound to Dollar Forecast: “1.1800-1.1850 area”, say Wells Fargo
Foreign exchange strategists at Westpac consider that the Pound to Dollar exchange rate will be vulnerable to a slide to 1.1800-1.1850.
Most investment banks expect a test of support near 1.2000, although Danske Bank sees scope for a near-term rebound to 1.24 before a slide to 1.16 on a 12-month view.
Here are the latest institutional forecasts (Westpac, ING, MUFG, Bank of America, NatWest) and the GBP/USD news for the week.”
According…
Read More
