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
