UBS Forecast: Pound Still in the Driving Seat, 2026 GBP/USD Target 1.40

  • The Pound to Dollar (GBP/USD) exchange rate dipped to 1-month near 1.3370 on Monday amid defensive dollar demand before rallying strongly to near 1.3500. UBS maintains a positive stance towards the Pound and is forecasting gains to 1.38 at the end of 2025 with a further advance to 1.40 during 2026.