BITPRISMIA
The GBP/USD exchange rate is facing significant volatility due to political and fiscal risks in the UK, alongside global economic factors, making accurate forecasting challenging.
The article discusses the impact of Trump's tariffs on the US Dollar's strength and the resulting effects on the Forex market, including Sterling weakness due to UK economic data.
UBS has revised its pound forecast due to significant UK fiscal challenges, indicating a cautious outlook for the British economy and its currency.
The article discusses the current steadiness of the US Dollar, the Sterling Rebound, and the upcoming Non-Farm Payrolls report, highlighting their impact on the Forex Market and potential implications for currency trading and other risk assets.
UBS has an optimistic outlook for the GBP/USD pair, projecting it to reach 1.32 in the next 6 to 12 months due to expected monetary policy divergence between the UK and the US.