Multiple factors have weighed on the dollar of late but August's payrolls, wages and unemployment data pose a serious threat to dollar bulls and are good news for the pound to dollar exchange rate.…
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Brexit risks have not materialised in a meaningful fashion, an economist says, while the Bank of England's post-crisis monetary policy has done all that it can do.
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A recent strengthening of UK industrial data could mean that GDP growth quickens in the second half while the threat of unease at the ECB could keep the euro in check.
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A surge in manufacturing activity in August suggests the UK economy is indeed picking up steam into the latter end of 2017.
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A quantitative easing exit by the ECB that ties tapering to inflation could keep a lid on the euro, benefiting pound to euro buyers.
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An even weaker British pound will merely stoke a further increase in inflation, likely reigniting speculation of a BoE rate hike being in the pipeline, which would then have a corrective effect.
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The Pound is already pricing in a hard road towards Brexit, and as a result looks very cheap against the Euro.
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