September 2, 2024 – Written by John Cameron
Leave a comment STORY LINK Pound to Dollar Week Ahead Forecast: Are Gains above 1.30 Sustainable?
The Pound to Dollar (GBP/USD) exchange rate surged to 28-month highs above 1.32 in the latest week before a limited correction to around 1.3150.
A key market debate is whether these levels are justified.
According to HSBC; “one could make the case that GBP-USD should be trading below 1.25 rather than above 1.30 if we look at the exchange rate relative to 2Y rate differentials.”
MUFG is more positive….
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