GBP/USD Forecast: Pound Price to Hit 1.40 on Long-Term Dollar Bear Market

  • The Pound to Dollar (GBP/USD) exchange rate surged to test 3-year highs around 1.3430 this week before a limited correction. The bank considers that there is scope for an extended dollar retreat in response to a less attractive investment environment which can take GBP/USD to 1.40 by the end of next year.