“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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