GBP/USD Forecast: Targeting 1.19/1.20 on Strengthening Dollar Dynamics
The GBP/USD exchange rate has recently surged to 2025 highs, moving above 1.26 amid a weakening US dollar. However, analysts at ING suggest that upcoming US trade policies will likely dominate the short-term outlook, leading to a resurgence in dollar strength. As risk aversion grows, GBP/USD may slide to a target range of 1.19 to 1.20 within the next two months. This trend highlights the increasing volatility, reminding traders to monitor the evolving dynamics closely.
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