August 11, 2024 – Written by Ben Hughes
Leave a comment STORY LINK Pound to Dollar Week Ahead Outlook: Equity Markets Dominate
After a hesitant stance, CIBC expects that the Pound to Dollar (GBP/USD) exchange rate will strengthen to 1.34 at the end of 2025.
In contrast, ING expects GBP/USD will be trapped at 1.25 at the end of next year as the Bank of England cuts interest rates more aggressively.
Risk appetite dipped sharply early in the week as fears over a US slide into recession intensified.
US yields dipped sharply amid expectations of an aggressive Fed…
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