Goldman Sachs 12-Month Forecast: Dollar to Grind Lower, GBP/USD Forecast at 1.44

  • The Pound to Dollar (GBP/USD) exchange rate hit 39-month highs just above 1.3600 last week before settling close to 1.3500 after softer than expected UK jobs data. Goldman Sachs expects that the dollar will continue to lose ground in global markets and that the underlying process has a considerable distance to run.