R/USD call. Our GBP/USD forecast for end-2016 and end-2017 is 1.27 and 1.15 respectively. figure I firmewry policy nepriong %Sipe:US GOMM Figure 2 FiVai tutimeing wdi pa up sharply next year dirmislcit In the ',pc asarborq ntras to US • US roes PA* '4 45 • OS CSR /Inca: eicydialessaraa 5rdti i