# Goldman, PGIM expect pound to rise to US$1.30 as BOE defers rate cuts - The Business Times

> Goldman Sachs and PGIM Fixed Income expect the pound to rally to US$1.30, a level last sustained two years ago. They argue the Bank of England will be slow to cut rates given stronger-than-expected growth. UK policy rates are at a 16-year high of 5.25%.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/32371-goldman-pgim-expect-pound-to-rise-to-us-1-30-as-boe-defers-rate-cuts-the
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A forecast of a stronger pound would lower sterling costs for dollar-priced feed imports into the UK. It is an analyst outlook and does not itself change supply or demand.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/goldman-pgim-expect-pound-rise-us130-boe-defers-rate-cuts

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.