JP Morgan Forecast: Look To Buy GBP/USD Near 1.20

The Pound to Dollar exchange rate (GBP/USD) strengthened to 2-month highs at 1.2715 this week before a retreat to 1.2670. JP Morgan expects that fear will return with trade threats triggering a slide in EUR/USD to below parity by the end of the first quarter of 2025. In this environment, it …