January 2, 2024 – Written by Ben Hughes
STORY LINK Pound to Dollar Rate Forecast Towards 1.20 say HSBC Analysts
The Pound to Dollar (GBP/USD) exchange rate peaked at 4-month highs around 1.2830 on December 28th before a significant retreat to 1.2715 on Tuesday as the dollar regained some ground.
Seasonal factors will be potentially significant with the dollar tending to weaken ahead of the year end and then regaining ground in January.
UK data will remain under scrutiny. According to the final data, the UK PMI manufacturing index was revised down slightly…
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