GBP/USD could head towards 1.42 by mid-2022 – UOB
|Cable is forecast to pick up further pace in the next year and could reach the 1.42 area around H2 2022, as noted in the Quarterly Global Outlook from UOB Group’s Global Economics & Markets Research.
Key Quotes
“The GBP is second best to the USD this year within the Major FX space. Supportive factors include hawkish cues from the BOE, COVID-19 hospitalization staying low despite a full reopening and attractive currency valuations.”
“As such, we reiterate our bullish view in GBP/USD and update our forecasts at 1.40 in 4Q21, 1.41 1Q22, 1.42 in 2Q22 and 1.43 in 3Q22.”
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