CIBC Predicts GBP/USD Rate at 1.40 by End of 2026 Amid UK Gains
The Pound to Dollar (GBP/USD) exchange rate soared to three-year highs just below 1.3600 this week before retreating below 1.3500. Analysts at CIBC suggest that the UK government has made notable progress in creating marginal economic gains. This trend could potentially lead to a positive trajectory for the Pound against the U.S. Dollar. As we look ahead, market watchers should keep an eye on key economic indicators that might contribute to this forecasted strength, aiming for 1.40 by the end of 2026.