FX Guys

Pound to Dollar Exchange Rate Forecast: Drop to 1.2000 Possible say UoB

October 26, 2023 – Written by James Fuller

The Pound Sterling (GBP) remained under pressure against the US Dollar (USD) on Wednesday with domestic and global elements undermining support for the UK currency.

The Pound to Dollar (GBP/USD) exchange rate retreated to 3-week lows near 1.2070 before stabilising.

On a near-term view, markets will look to target…
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