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TD Bank sets out a constructive view on GBP/USD
A leading North American institution is stepping away from the prevailing gloom surrounding the UK currency and positioning for a rebound in the pound during 2026.
In its newly published strategy outlook, TD Bank sets out a constructive view on the pound to dollar conversion (GBP/USD), arguing that the market narrative has become excessively pessimistic even before the upcoming UK budget.
“Consensus expectations and forwards have moderated GBP optimism due to current fiscal focus,” says TD Securities.
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