June 23, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound to Dollar 12-Month Outlook: GBP/USD Exchange Rate to Weaken to 1.18
Danske Bank forecasts that the Pound to Dollar (GBP/USD) exchange rate will weaken to 1.18 on a 12-month view.
Bank of America is still forecasting gains to 1.33 at the end of 2024.
GBP/USD lost ground during the week with a slide to 5-week lows close to 1.2620 as European currencies struggled while the Bank of England moved closer to an interest rate cut.
The Bank of England held interest rates…
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