The British pound exchange rate hits a three-month high! Institutional divergence intensifies, what will the trend be in 2026?
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The British pound has recently risen against the US dollar to 1.3562, reaching a three-month high with a cumulative increase of 4.12%. Analysts believe this is mainly due to the restoration of confidence in the budget, a decrease in market bets on interest rate cuts, and a weakening dollar. Institutions have differing views on the pound's trend in 2026; JP Morgan expects an initial rise followed by a decline, with a target price of 1.37-1.36; Bank of America is bullish, with a year-end target price of 1.45; Citigroup is bearish, predicting a drop to 1.22
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