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Pound vs dollar 2026: CURRENT: ~$1.33 TARGET: $1.35-$1.40 (if conditions align) THE BULL CASE: Fed cuts faster than BoE Dollar weakens as US rates fall UK deficit smaller than US Stable UK government vs messy US midterms THE RISKS: Fed cutting due to US recession = Dollar strength (safe haven) BoE forced to cut aggressively while inflation ...
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