December 1, 2024 – Written by James Fuller
STORY LINK Pound to Dollar December Forecast: Trump Trade but Upside Still Expected
After an initial retreat to below 1.25, Bank of America (BoA) expects the Pound to Dollar exchange rate (GBP/USD) to strengthen to 1.38 at the end of 2025 with a further surge to 1.49 at the end of 2026.
ING, however, expects dollar strength to dominate and has a 12-month GBP/USD forecast of 1.24.
After posting gains for 8 successive weeks, the dollar succumbed to profit taking during…
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