ING’s central case for the Bank of England (BoE) policy meeting is that the Pound to Dollar exchange rate will trade at 1.2700 with a possible range of 1.2650-1.2850 depending on the rate split and forward guidance. According to Scotiabank, the broader 1.26/1.2825 range for GBP/USD remains intact. GBP/USD was held in narrow ranges during the week and settled just above 1.2700. The Federal Reserve and BoE policy decisions will be crucial in determining whether the narrow range can break. According to ING; “We suspect the Bank will still want to tread carefully as it gears up for the first meeting of 2024. But the ... (full story)