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UBS Predicts British Pound to Soar to $1.39

5/7/2025

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Summary

Story summary

UBS forecasts a bullish outlook for the British pound, predicting it will soar to $1.39 against the US dollar and aim for $1.40 by year-end. As the dollar shows signs of weakness despite encouraging trade news, the pound is set to outshine the euro, bolstered by the Bank of England's likely cautious approach to rate cuts.

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Story summary

UBS forecasts a bullish outlook for the British pound, predicting it will soar to $1.39 against the US dollar and aim for $1.40 by year-end. As the dollar shows signs of weakness despite encouraging trade news, the pound is set to outshine the euro, bolstered by the Bank of England's likely cautious approach to rate cuts.