October 20, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound to Dollar Week Ahead Forecast: US Election Talk Dominates
ING expects the Pound to Dollar (GBP/USD) exchange rate will weaken to 1.28 in the short term.
During the week, GBP/USD dipped to 8-week lows around 1.2975 before a tentative recovery to 1.3030.
The November US election is looming large on investment bank commentary and forecasts.
ING sees further potential dollar demand; “With the election less than three weeks away, it looks like investors will be reluctant to position…
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