Wells Fargo: Dollar Rebound Next Year, Q3 2026 GBP/USD Forecast 1.31

  • The Pound has taken advantage of another round of heavy dollar selling with the Pound to Dollar (GBP/USD) exchange rate surging to 44-month highs just above the 1.3750 level amid fresh fears surrounding Fed independence. Wells Fargo is not buying into the argument of sustained dollar losses on structural or cyclical ground.