Goldman Sachs has cut its forecasts for GBP/USD to:1.24 in 3 months, from 1.30 previously1.24 in 6 months, from 1.331.28 in 12 months from 1.35For EUR/GBP on the same time horizons:0.85 from 0.810.85 from 0.790.84 from 0.80Goldman Sachs cite the less dovish US backdrop:"With hawkish policy repricing driving markets recently, the pro-cyclical backdrop for GBP is less supportive than it was earlier in the year"And also comment from April from Bank of England Deputy Governor Ramsden:"Sterling sentiment turned decidedly more bearish among our client base following comments from Deputy Governor Ramsden, who noted that he felt the balance of risks to inflation were now tilted to the downside. And
Hence then, the article about goldman sachs have downshifted their gbp forecasts was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Goldman Sachs have downshifted their GBP forecasts )