FX BankForecast
FX OFFLINE
GOOGLE NEWS · EUR/USDg10 fx

Goldman Sachs Pound To Dollar Forecast 2026: GBP/USD Could Stall Near 1.35-1.36 - Exchange Rates Org UK

10 Dec 2025, 08:00 UTC
GS
Read full speech on news.google.com
Share

At a Glance

The desk anticipates that GBP/USD could face resistance around the 1.35-1.36 range, as highlighted in the recent Goldman Sachs analysis. This projection aligns with a broader sentiment that the pound may struggle to gain traction against the dollar due to ongoing economic uncertainties and potential shifts in monetary policy. Per the full note, the forecast suggests that GBP/USD might stall at these levels as traders weigh the implications of the Bank of England's decisions and the Federal Reserve's stance on interest rates.

Key Takeaways

  • 01Goldman Sachs forecasts GBP/USD could stall near 1.35-1.36 by 2026, reflecting cautious market sentiment.
  • 02The consensus median target for GBP/USD across firms is 1.3500, with a range of 1.3300 to 1.3800.
  • 03Several banks have a more optimistic outlook, expecting the pair to reach as high as 1.4700 by December 2026.

Full Analysis

What the desk is arguing

Goldman Sachs's forecast for GBP/USD implies a slowdown in the recovery of the pound against the dollar, with targets suggesting limited upside movement in the medium term. This analysis aligns with broader market tensions where economic uncertainties and divergence in monetary policies between the UK and the US may weigh on the pound's strength.

The forecast underscores a critical sentiment where several banks predict a modest appreciation, but Goldman stands out with a relatively conservative view. This perspective implies a scenario where external economic developments, including fluctuations in commodity prices and geopolitical tensions, could lead to a scenario of stagnation rather than growth in the pound's value against the dollar.

Market Implications

If Goldman Sachs's prediction prevails, we may see reduced bullish positioning in GBP/USD, leading to potential adjustments in trading strategies as investors recalibrate their expectations for the pound's performance. A stalling GBP could also impact trade balances and investment inflows into the UK, as currency strength influences international competitiveness.

From the original

<a href="https://news.google.com/rss/articles/CBMi1AFBVV95cUxOWU1IMjZJM0pRWS1WX0VPdUVOYTBqZ2RmTEcxSUh0MV9XY2oxdFZKeGJKRlJvV2FHWERYSXdlYVBSMU1jclY4ZXhuVjhPeE1nTkVkYmpiQWZaaTNoTFlWR29BOXMxWnlLblBWbU1DZmRteWVJUjhEck8xR1JKenBCVjlTQmgySnduTWpuUkF0LXcwX3JtemJUaUJIQUdlSGwzeEVibFZxYTA2TG

Read full original at news.google.com →

Related speeches

4 items
GOOGLE NEWS · GBP/USDApr 15, 2026

Citi: GBP/USD To Hit 1.24 By 2027 - Forex Factory

Citi's forecast of GBP/USD reaching 1.24 by 2027 underscores a more cautious outlook compared to the near-term consensus among major banks. This projection highlights potential long-term structural challenges for the UK economy and the GBP, as the pair trades approximately 8.5% higher at present levels around 1.3100.

GOOGLE NEWS · GBP/USDAug 13, 2025

Goldman Sachs Pound To Euro Forecast: 1.11 In Twelve Months From Today - Exchange Rates Org UK

Goldman Sachs has projected a robust outlook for the GBP/EUR pair, envisioning a rise to 1.11 over the next twelve months. This forecast reflects expectations of stabilizing economic conditions in the UK alongside a potential weakening of the euro, which may push the pound higher against its European counterpart.

GOOGLE NEWS · GBP/USDSep 13, 2025

HSBC Pound To Dollar Forecast 2025: GBP, USD Under Threat, 1.37 By 2026 - Exchange Rates Org UK

HSBC's forecast for the GBP/USD pair indicates a potential upward trajectory, projecting the exchange rate to reach 1.37 by 2026. The bank suggests that both currencies face significant threats, driven by various macroeconomic factors, including geopolitical risks and shifts in monetary policy. This outlook underscores the potential for volatility in the GBP and USD against a backdrop of uncertain global economic conditions.

GOOGLE NEWS · GBP/USDDec 2, 2025

Goldman Sachs Pound To Euro Forecast: GBP/EUR Tipped At 1.11 In 12 Months - Exchange Rates Org UK

Goldman Sachs has issued a bullish forecast for the GBP/EUR pair, projecting a target of 1.11 within the next twelve months. This outlook suggests a strengthening of the British pound against the euro, which could be driven by several macroeconomic factors and shifts in monetary policy. The bank appears optimistic about the UK's economic trajectory compared to the Eurozone, anticipating that current trends will favor the GBP.

More from GOOGLE NEWS · EUR/USD

5 items

FX Bank Forecast aggregates and synthesises central-bank commentary. Sentiment scoring and bank tagging are heuristic — verify against the original source before trading. We do not endorse third-party content.

FX BANK FORECAST · COVERAGE

Institutional FX coverage in your inbox

Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.