Goldman Sachs Prediction: US Dollar Expected to Decline Further
The GBP/USD exchange rate recently reached a 40-month peak above 1.3600 but has since retreated below 1.3500. Despite a slight dip in optimism regarding the Pound, analysts at Goldman Sachs foresee a continued depreciation of the dollar. They anticipate GBP/USD strengthening to 1.44 over the next 12 months. This forecast may present opportunities for traders to capitalize on potential shifts in market dynamics. Monitoring these predictions closely will be vital as the market evolves.