CIBC Forecast: Controlled Dollar Depreciation, End-2026 GBP/USD Forecast 1.42

  • The dollar came under renewed pressure this week as geo-political fears have eased and the Pound to Dollar exchange rate (GBP/USD) jumped to 44-month highs near 1.3800 before a correction to just below 1.3700. CIBC expects further measured dollar depreciation, but with the Pound struggling to take full advantage given domestic.