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Nomura Downgrade GBP/USD Forecast, Sees $1.15 at End-July

GBP

According to Reuters, Nomura downgrade their GBP/USD forecast, and now see the rate dropping to $1.1500 by end-July and $1.1000 by the end of September.

That's well below median consensus. Median expectations for GBP/USD sit at:

  • Q3'22 1.2200
  • Q4'22 1.2200
  • Q1'23 1.2400
  • Q2'23 1.2600

Note - these forecasts may need some revision given recent weakness in spot.

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