December 23, 2023 – Written by John Cameron
STORY LINK Pound Sterling Outlook 2024: 1.23 by Q1
According to the latest forecasters at Rabobank, the British Pound Sterling (GBP) could be tipped to “retreat” from today’s levels against the US Dollar (USD) in the next three months, touching lows of 1.23 by end of March 2024.
UK GDP Data Triggers More Aggressive BoE Rate Cut Calls, GBP/USD Exchange Rate Held Around 1.2700
November UK retail sales data was notably stronger than expected, but markets tended to focus on GDP revisions and the Pound was unable to make further headway….
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