Goldman Sachs raises GBP forecasts, predicts stronger sterling in 2024

Goldman Sachs have ramped up their forecasts for GBP:

• their end of 2024 GBP/USD forecast is 1.34 (from 1.27)
• GS target 0.82 for EUR/GBP

Analysts at the bank have a supportive list for sterling:

• Resilient risk:
  • “Markets have priced out US recession risk, benefiting risky assets and pro-cyclical currencies like Sterling”
• Ongoing Fed easing and US growth
• Rate cut patience at the Bank of England

This article was written by Eamonn Sheridan at www.forexlive.com.