Pound to US Dollar Rate Forecast for Week Ahead: Fed, BoE Divergence Crucial

0 (0 votes)

The estimated reading time is less than a minute

Pound to US Dollar Rate Forecast for Week Ahead: Fed, BoE Divergence Crucial

7 Views

September 29, 2024 – Written by David Woodsmith

pound-to-dollar-rate-forecast-3

Goldman Sachs forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.40 on a 12-month view.

In contrast, Wells Fargo expects GBP/USD will weaken to 1.28 at the end of 2024.

The dollar remained on the defensive during the week with GBP/USD advancing to 31-month highs around 1.3430.

Goldman Sachs maintains a positive stance on the Pound; “At the current…
Read More