GBP/USD Price Forecast: Sterling Capped Below 100-Day SMA as UK GDP Data Looms - MEXC
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GBP/USD Price Forecast: Sterling Capped Below 100-Day SMA as UK GDP Data Looms MEXC
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GBP/USD Forecast Below 1.30 by Standard Chartered - Pound Sterling LIVE
The desk interprets Standard Chartered's recent forecast for GBP/USD to dip below 1.30 as a significant bearish signal for the pound. Per the full note, Standard Chartered sets targets of 1.3200 for March 2026 and a grim 1.3000 for December 2026, indicating a strong belief in continuing downward pressure amid a challenging economic landscape for the UK. Currently, consensus among market participants sees GBP/USD at 1.3450 as of late March 2026, which is markedly higher than Stanchart's projections and reflects broader optimism in the FX market. The next significant catalyst to watch will be US inflation readings, as these could influence USD strength, potentially altering the current trajectory for GBP/USD.
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