November 3, 2024 – Written by Frank Davies
STORY LINK Pound to Dollar Week Ahead Forecast: Washington and London Drama
UBS expects the Pound to Dollar (GBP/USD) exchange rate to strengthen to 1.38 by June 2025.
During the week, GBP/USD dipped to 10-week lows just below 1.2850 following the UK budget before a recovery to 1.2960.
Markets expect a Trump victory would provide initial dollar support with a softer tone in Harris wins.
Chancellor Reeves announced a £40bn tax-raising package in the budget.
Spending…
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