HSBC raises GBPUSD 2017 year-end forecast to 1.3500 vs 1.2000 prev

HSBC revising GBP forecasts 18 Sept - cites more hawkish BOE and "cyclical forces" - sees it back to 1.2600 by end-2018 and EURGBP 0.9500 - now see 2 x 0.25% rate hikes by end-2018 vs none prev
HSBC raises GBPUSD 2017 year-end forecast to 1.3500 vs 1.2000 prev