HSBC: Dollar and Pound Both Have Weaknesses, End-2025 GBP/USD Forecast 1.32

  • After hitting 3-year highs close to 1.3450 in April the Pound to Dollar (GBP/USD) exchange rate has settled above 1.3300. HSBC expects the dollar and Pound will both struggle over the next few months with GBP/USD unable to take advantage of dollar vulnerability and held at 1.32 at the end of 2025.