May 6, 2024 – Written by Frank Davies
Leave a comment STORY LINK Pound to US Dollar Week Ahead Exchange Rate Forecast: BoE Key Risk
Morgan Stanley expects monetary policy divergence will undermine the Pound with the risk of a Pound to Dollar exchange rate (GBP/USD) slide to 1.20.
CIBC also expects divergence and has an end-2024 GBP/USD forecast of 1.25.
MUFG, however, expects a net gain to 1.2950 at the end of the year.
Bank of England and Federal Reserve policies are likely to be crucial.
