GBP/USD forecast: Goldman Sachs predicts rise to 1.30 amid dovish outliers

<p>Goldman Sachs analysts are forecasting GBP/USD higher in the next six months.</p><p>Forecasting to 1.30 from it previous forecast of a drop to 1.20:</p><ul><li>GBP will benefit from the Bank of England being slower to cut rates compared with the Federal Reserve and European Central Bank</li><li>Fed and ECB to start cutting in H1</li><li>"A quicker move to rate cuts elsewhere will make the Bank of England less of a dovish outlier … quite supportive for the pound"</li><li>mkt pricing is around 110 bp or Fed easing, 135bp by the ECB and BoE around 85bp</li></ul><p>Info via a Bloomberg report</p>

This article was written by Eamonn Sheridan at www.forexlive.com.