On Wednesday, the US released encouraging labour data that sent the USD higher against the EUR and the GBP.
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With the dollar struggling in the U.S. on Friday, analysts are speculating over its fortunes for the coming week, and with several key pieces of data to be released it is predicted it will be a vol…
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The Bank of England's meeting on Thursday should set the tone for the GBP to USD conversion in November, as will the resolution of the 1.55 barrier.
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The British pound has been falling against the dollar since mid-October but is seen fighting to keep its uptrend alive.
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A stronger USD will ultimately rely on the US economy continuing on its path of growth.
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Trade in the sterling to dollar exchange rate has been stable to negative over recent days.
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Near-term forecasts for the GBP to USD exchange rate suggests support is fast approaching.
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