May 26, 2024 – Written by Frank Davies
STORY LINK Pound to Dollar Exchange Rate Forecast: 1.25 by End 2024 say Credit Agricole
Standard Chartered forecasts that the Pound to Dollar exchange rate (GBP/USD) will weaken to 1.21 in three months with only a marginal recovery to 1.22 on a 12-month view.
Credit Agricole expects GBP/USD to trade at 1.25 at the end of 2024 before a gain to 1.35 at the end of next year.
GBP/USD hit 2-month highs above 1.2750 after the inflation data before settling just below this level.
Bank…
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