October 6, 2024 – Written by David Woodsmith
STORY LINK Pound to Dollar Rate Week Ahead Forecast: $1.32 Next
Foreign exchange strategists at MUFG expect the Pound to Dollar (GBP/USD) exchange rate to strengthen to 1.3600 at the end of the first quarter of 2025.
ING expect a retreat to 1.30 in the short term while the longer-term outlook remains opaque due to the US elections.
RBC Capital Markets expects GBP/USD to be capped at 1.35 over the longer term despite dollar losses.
GBP/USD posted sharp losses during the week with a slide to below 1.31….
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