July 7, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound to Dollar Week Ahead Forecast: Three Week Best Conversion Rate to Hold?
The Pound to Dollar (GBP/USD) exchange rate strengthened to 3-week highs above 1.2800 on a combination of weaker dollar and positive reaction to the UK General Election result.
Danske still expects GBP/USD will weaken to 1.18 on a 12-month view.
In contrast, MUFG is backing gains to 1.3250 by the first quarter of 2025.
Political and economic developments on both sides of the…
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