Goldman Sachs Warns of Modest Retreat for Pound-Dollar

Pound Sterling has been gaining strength in recent days, but Goldman Sachs is warning that this trend may not continue.

According to the bank's latest forecast, Pound-Dollar (GBP/USD) is expected to slip back to 1.33 in three months and 1.28 in twelve months from around its current level of 1.35.

This is not a dramatic collapse call, but rather a cautious message that the bank does not expect recent gains to hold.

The timing of this forecast is notable, as GBP/USD has strengthened over the past 48 hours and was trading near its highest level of the month on Thursday afternoon.