Foreign exchange analysts at Goldman Sachs have slashed their six-month Pound to Euro (GBP/EUR) exchange rate forecast to 1.0870 from 1.1765 previously. Following the latest Bank of England meeting, however, Goldman Sachs now expects that BoE rates will peak at 5.25% compared with a previous forecast of 6.00%. This shift, allied with a lack of confidence in the UK economy, has triggered a sharp downgrade to the Pound’s forecasts. The bank's 12-month GBP/EUR forecast has also been cut savaged to 1.1110 from 1.1905 previously. The 6-month Pound to Dollar exchange rate (GBPUSD) forecast has also been cut sharply to 1.20 ... (full story)