Analysts to warn that GBP/USD could struggle to sustain any further climb above 1.38 in next week’s trading.
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The Pound could extend a recent rally against the U.S. Dollar if the stances held by a number of institutional strategists we follow prove correct, although others still prefer to back the Dollar.
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Positioning on the Dollar has turned 'long' again and this might have severed the link between bouts of equity market weakness and Dollar strength.
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The Pound-to-Dollar exchange rate entered the new week above 1.38 and with possible scope for a further attempted recovery.
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The Pound-to-Dollar exchange rate's September recovery would need to break through resistance located at 1.3960 for a run towards 1.41 to transpire, according to a new analysis of the pair.
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USD carries hat-trick of losses into payrolls report but may look to steady if job rebound continues apace.
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The Pound-to-Dollar exchange rate advanced to 1.3785 in the wake of underwhelming U.S. data which eases pressure on the U.S. Federal Reserve to announce an imminent withdrawal of monetary stimulus.…
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