Goldman Sachs: Expect GBP/USD at $ 1.20 in 3 months

In its latest forecast on the GBP, analysts at Goldman Sachs see sterling at $1.20 and 90 pence per euro in 3 months, $1.25 and 80 pence per euro in 12 months, Reuters reports.

At the moment, the cable hovers around 1.33 handle, recording a -0.40% loss on the day.