Image © Mike Mozart, reproduced under CC licensing

Going against the crowd, a major global bank is betting on a recovery by Britain's brow-beaten currency.

TD Bank says in its year-ahead strategy pack, released today, that it is a buyer of the pound against the dollar in 2026.

The call goes against the consensus, which retains a bearish stance on the UK currency.

"Consensus expectations and forwards have moderated GBP optimism due to current fiscal focus," says a note from TD Bank's Securities division.

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