Pound to Dollar Week Ahead Forecast: "Further GBP Weakness in Coming Weeks"

STORY LINK Pound to Dollar Week Ahead Forecast: “Further GBP Weakness in Coming Weeks”

Foreign exchange strategists at HSBC forecast the Pound to Dollar (GBP/USD) exchange rate to slide back below 1.24 in the near-term outlook.

According to the bank; “We look for further GBP weakness ahead in the coming weeks. We expect this USD strength to persist, albeit in a more grinding fashion over the next month with attendant downside for GBP-USD.”

It added; “We also…
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