The British pound's advance against the dollar reaches an important technical junction.
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Foreign demand for AI exposure is powering the U.S. Dollar, according to Apollo's Torsten Slok.
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A survey of leading investment bank forecasts shows the Pound is expected to grind higher against the Dollar into 2027, but more than ten cents separates the most bullish and bearish views.
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Analysts are warning today that a new phase of U.S. Dollar outperformance could be unfolding.
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The British pound is on a softer footing as a recent recovery sequence looks to be faltering.
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The Middle East story has flipped in favour of further USD strength.
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How will the pound perform against the dollar this week? Technical signals and fundamental developments point to a limited extension of the recovery.
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