Goldman Sachs have ramped up their forecasts for GBP:
their end of 2024 GBP/USD forecast is 1.34 (from 1.27)GS target 0.82 for EUR/GBP
Analysts at the bank have a supportive list for sterling:
Resilient risk:”Markets have priced out US recession risk, benefiting risky assets and pro-cyclical currencies like Sterling”Ongoing Fed easing and US growthRate cut patience at the Bank of England
This article was written by Eamonn Sheridan at www.forexlive.com.
