May 19, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound to US Dollar Exchange Rate Forecast: UK CPI This Week
The Pound to Dollar exchange rate GBP/USD jumped after the latest US inflation data and, after a correction, there was a fresh advance to 5-week highs just above the 1.27 level.
Danske Bank expects GBP/USD will weaken to 1.17 on a 12-month view while ING expects the pair will be held to 1.25 as the Pound loses ground in global markets.
Both banks expect the Bank of England (BoE) will cut rates more than the Federal Reserve this…
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