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 … →
“USDJPY appears prone to further downside risk without clear catalyst for an improvement in global market sentiment” - Barclays.
Read more … →
UK inflation data tomorrow, labour market data on Wednesday, retail sales on Friday and an EU Summit with Brexit on the agenda make for a bouncy GBP this weak.
Read more … →