BLBG: British Pound to Climb to $1.72 Within 3 Months, Calyon Says
The pound will rise as high as $1.72 within the next three months after breaking through a previous target of $1.60, said Calyon, the investment-banking unit of Credit Agricole SA.
The U.K. currency may “take a breather” as it approaches $1.65 before resuming its advance against a “defensive” dollar, Daragh Maher, deputy head of global foreign-exchange strategy in London at Calyon, wrote in a research note today.
The pound rose 1.2 percent to $1.6385 as of 10:34 a.m. in London.
