The U.S. Dollar rallied through the midweek session amidst poor investor sentiment and ahead of the release of the minutes of the Federal Reserve's May meeting.
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if BNY Mellon are correct the Pound-Dollar exchange rate's current rally is likely to have its limits before another meaningful leg lower ensues.
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"A recovery in risk demand in the markets and GBP/USD reaching 1.2750 as early as this week could be an additional confirmation signal that forex was the first to recover from the bearish pressure"…
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The Pound to Dollar rate has recovered sharply from two-year lows following a favourable turn in UK economic data and a rebound by a heavily sold Chinese Renminbi, which could potentially lift it f…
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The Pound to Dollar rate has rebounded strongly from two-year lows and spent much of the week consolidating steep earlier losses but multiple resistances now obstruct its path higher on the charts …
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"One day, a recession will come, but the current evidence points to upside not downside," says Stephen Gallagher, Head of Research for the Americas at Société Générale in New York.
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The Dollar should make a decisive turn lower by Autumn says Morgan Stanley, which would allow Pound Sterling and other major currencies to recover.
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