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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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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