Bank of America Predicts Pound Sterling to Reach Historic GBP/USD Highs by 2026
The Pound to Dollar (GBP/USD) exchange rate surged to a three-year high near 1.3430 before showing signs of a limited correction. Bank of America remains optimistic about the prospects of the Pound, stating that the dollar is likely to remain vulnerable. This outlook suggests that investors should keep a close watch as the GBP could continue its upward trend. Analysts at Bank of America are focusing on economic indicators that could further strengthen the Pound against the Dollar in the coming years.