The uncertainty posed by the EU referendum has pulled the rug from beneath sterling of late, but a fresh bout of US dollar strength could push the exchange rate even lower still.
Read more … →
Strong fundamentals still make the dollar one of the best bets for 2016, despite recent back-peddling by the Fed; as for the pound – Deutsche see mega-downside potential.
Read more … →
The pound is incredibly undervalued against the dollar at current levels but expect a blistering recovery in the second half of 2016 says a leading FX analyst.
Read more … →
However, forex strategists will likely view any recovery in the GBP/USD as an invitation to extend their bets against the UK unit.
Read more … →It will take notable deterioration in sentiment towards the British pound to push it below the 1.35-1.40 region it is argued.
Read more … →The dollar exchange rate complex will be looking to recover further in the coming week having endured a poor start to February amidst heightened expectations of a US recession.
Read more … →
The Fed took a stand against pessimism in their last meeting minutes and recent market indicators have responded by pricing in a chance of a November rate hike.
Read more … →