
Sterling is set to make further gains, even after a blistering recent run, thanks to a buoyant UK economy and the Bank of England’s caution on cutting interest rates, say investment banks.
Bank of America and Barclays expect the pound, which is currently trading around $1.3416, to rise to $1.35 by the end of the year. Goldman Sachs has a price target of $1.40 over the next 12 months.
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