FX Guys

Pound to Dollar Rate Forecast for Next Week: 1.33 but 2024 Predictions see Higher

September 22, 2024 – Written by John Cameron

Foreign exchange analysts at HSBC are forecasting GBP/USD to weaken to 1.25 by September 2025.

Structural and cyclical developments will be crucial for the GBP/USD performance.

Interest rate decisions have dominated markets during the week and GBP/USD hit 30-month highs above 1.33.

The Federal Reserve cut interest rates by 50 basis points to 5.00% at its policy…
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