October 22, 2023 – Written by Tim Boyer
Leave a comment STORY LINK Pound to Dollar Rate: Slide in risk Appetite saps Sterling Support
Foreign exchange strategists at Commerzbank expect the Pound to Dollar (GBP/USD) exchange rate to edge lower to 1.20 at the end of 2023 with only a tentative recovery to 1.22 at the end of next year.
ING sees scope for a stronger recovery to 1.29 at the end of 2024 amid dollar losses.
Risk appetite has deteriorated further during the week with further unease surrounding the Middle East situation.
GBP/USD dipped…
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