Strategically it is suggested that the 1.4525/50 region remains the better spot to be selling GBPUSD, “but we would look for initial resistance around 1.4410 this week.”
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The US dollar could be in for a decent mid-year period as sentiment amongst US Federal Reserve appears to be heading in a pro-USD direction.
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Pound sterling is forecast lower on the basis that the three pillars of currency analysis have converged to give one unanimous signal: Sell.
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The US dollar is forecast to maintain its advance according to analysts at the world’s largest foreign exchange dealer while others believe the US Federal Reserve is not yet ready to deliver the ne…
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The pound sterling may now have hit its maximum and is predicted to be on the path back towards 1.35 by analysts at Societe Generale.
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The dollar is back in demand for a number of reasons and we question whether the GBP to USD exchange rate has the fuel left to continue the multi-week advance.
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At the start of the new month we revisit that favourite topic of ours at the moment - how high can the pound’s recovery against the Greenback extend?
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