December 3, 2023 – Written by James Fuller
Leave a comment STORY LINK Pound to Dollar Forecast: 1.31 by 2025 say BofA
Bank of America expects that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.31 at the end of 2024.
Goldman Sachs, however, expects that GBP/USD will weaken to 1.18 early next year and trade slightly below current levels at 1.25 in 12 months.
Markets are now pricing in more aggressive Fed rate cuts during 2024 while Bank of England (BoE) projections have been scaled back during the week.
GBP/USD posted 3-month highs just above 1.2730 and recovered…
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