July 28, 2024 – Written by David Woodsmith
Leave a comment STORY LINK Pound Sterling to Dollar Rate Outlook: 1.38 by End of 2025
Bank of America (BoA) forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.38 at the end of 2025.
According to BoA dollar weakness will be a key element as other economies improve. It added; “slower US growth, even if still higher than in the rest of G10, will also contribute to USD weakness.”
ING, however, expects GBP/USD will be held at 1.25 at the end of this year and next year amid a weaker Pound.
GBP/USD…
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