The GBP/USD exchange rate continues to trade with a positive bias ensuring the pound enters the weekend on the front-foot.
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We have witnessed some significant declines in the dollar exchange rate complex of late, but one forecaster suggests patience is required as the USD will retake the initiative.
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The dollar exchange rate complex is under pressure following soft inflation figures, the pound and euro are expected to maintain the advantage from here.
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The British pound is expected to add to its recent gains that saw GBP/USD achieve a 7 week high.
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The British pound has advanced against its US counterpart – but are these gains the start of a new trend higher?
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The pound sterling and other major currencies advanced against the US dollar on fears the first US interest rate rise of the coming cycle could be delayed.
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Goldman Sachs' strategists believe speculators should expose themselves to the US dollar now as they forecast substantial gains ahead. Last Updated: 13 August
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