Foreign exchange strategists at Wells Fargo are forecasting that the Pound to Dollar exchange rate will be vulnerable to a slide to the 1.1800-1.1850 area. This aligns with the views of other investment banks, who also expect a test of support near 1.2000. However, Danske Bank sees the possibility of a near-term rebound to 1.24 before a slide to 1.16 on a 12-month view.
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