Goldman Sachs have downshifted their GBP forecasts ...Middle East

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Goldman Sachs have downshifted their GBP forecasts
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

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