US Dollar vs the British pound The UK economy is headed for recession say a number of analysts, something that will ensure the headline GBP to USD exchange rate remains under pressure for some time.We expect cable to fall into the mid-1.2000s in the second half of this year" - Bank of Tokyo Mitsubishi."We would, however note that sharp sell-offs in GBP have historically proved short-lived." - Bank of America Merrill Lynch.1.20...
Showing posts with label Pound to dollar. Show all posts
Showing posts with label Pound to dollar. Show all posts
Tuesday, June 28, 2016
Friday, June 24, 2016
UBS, Credit Suisse: Pound to Dollar Exchange Rate Forecast Post-Brexit
British pound fell 6 cents against U.S. dollar on early EU referendum results The pound sterling crashed to a 30 year low following the shock news that the UK had voted to exit the European Union. We hear from two Swiss banks as to where they see GBP/USD settling.The vote was a massive shock to traders who had only 24 hours previously been pushing the exchange rate to a fresh 2016 best.Sterling fell off its perch when the...
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