September 26, 2024 at 10:44PM
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 growth
Rate cut patience at the Bank of England
This article was written by Eamonn Sheridan at www.forexlive.com.
Goldman Sachs raises GBP forecasts predicts stronger sterling in 2024