CIBC says the U.S. dollar is likely to weaken into the first half of 2026 before stabilising and recovering later in the year, describing its outlook as "U-shaped".
The pound retreats from recent highs against the dollar, but the trend still favours further upside.
The British pound is pulling back against the dollar following a strong year-end lift.
The British pound enjoys a constructive technical setup against the dollar.
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