Danske Bank: Pound Gains Tempered by Global Fear, 12-Month GBP/USD Forecast 1.38

  • The Pound to Dollar (GBP/USD) exchange rate dipped to lows just below 1.3150 on last week's dollar recovery before a strong rebound to near 1.3400. Danske expects dollar weakness will dominate over the next few months, but that the vulnerability surrounding risk appetite will stifle the scope for GBP/USD gains with an advance to 1.38 on.