Goldman Sachs Forecast: US Dollar Further to Fall, 12-month GBP/USD at 1.44

  • The Pound to Dollar (GBP/USD) exchange rate hit 40-month highs above 1.3600 last week before a retreat back below 1.3500. Goldman Sachs is slightly less positive on the Pound, but still expects dollar depreciation will dominate with GBP/USD strengthening to 1.44 on a 12-month view.