Pound at five month high against the dollar amid hopes the UK will avoid a recession next year By John-Paul Ford Rojas Updated: 17:00 EST, 28 December 2023 e-mail View comments The pound hit its highest level against the dollar in nearly five months amid gathering hopes that the UK will avoid a recession. Sterling climbed to $1.2827, its strongest since August 1, before giving up the gains later in the session. It comes as analysts see further gains for sterling against the dollar next year, with experts at US investment bank Goldman Sachs predicting it could hit $1.35. That would be a far cry from the aftermath of last year’s mini…
