Pound to Dollar Forecast Survey Shows the Big Investment Banks Have Raised Targets for Year-end
- Category: USD
The big banks have raised their forecasts for the Pound against the Dollar into year-end.
Pound Sterling's decline against the Dollar is not a mere correction and looks set to run for at least half a year.
The Pound to Dollar exchange rate fell 2.0% last week and still looks heavy, but a limited rebound is possible in the coming days.
The Dollar rises as the odds of a 50 basis point interest rate cut in November are all but dead.