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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Pound sterling looks intent on extending its recovery towards levels not seen at the start of the year.
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The US dollar exchange rate complex is under fresh selling pressure following the release of below-par US economic growth data.
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The dollar could recovery over coming months as overly-pessimistic markets are forced into accepting up to two Federal Reserve interest rate rises in 2016 it is argued.
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The GBP and JPY were the outperforms at the start of the new week with gains underscoring the importance of investor sentiment in the current foreign exchange market environment as market participa…
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