January 8, 2024 – Written by Ben Hughes
STORY LINK Pound to Dollar Outlook: Markets Forecast 1.29 by End-2024 Amid Weaker USD
MUFG forecasts that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.30 at the end of 2024.
GBP/USD dipped to lows near 1.2600 before a recovery to just above 1.2700 and was resilient during the week.
Consensus forecasts are for GBP/USD to trade at 1.29 at the end of 2024 amid a weaker dollar.
Markets will be monitoring GBP/USD investment bank updates to see whether forecasts…
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