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GBP/USD Hits Three-Week Lows Amidst Renewed Fiscal Concerns

Guavy AI Editorial Team
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GBP
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The Pound to Dollar exchange rate (GBP/USD) hit three-week lows near 1.3300, weighed down by renewed UK fiscal concerns and higher energy prices.

Goldman Sachs predicts that GBP/USD will retreat to at least 1.3250, citing the recent strength of Sterling as an overcorrection.

However, Scotiabank remains bullish on the Pound, forecasting gains to 1.37 by year-end, attributing the positive outlook to Prime Minister Burnham's appointment of Healey as Chancellor and his commitment to fiscal discipline.

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