Analysts give us their views on what the future holds for the US dollar exchange rate complex (USD) in the wake of the June FOMC event.
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On Wednesday the US Federal Reserve will hold its first “hot” meeting, with a rate hike on the agenda.
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While the main focus of currency markets will be on the U.S. dollar next week there are some important data points due that will drive the British pound.
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It has been a great day for the pound to dollar exchange rate conversion with the pair storming higher by almost a percent.
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The most important economic release on the US data calendar comfortably beat expectations leading currency traders to buy the dollar in response.
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Barclays, Swissquote Bank, Morgan Stanley and JPMorgan give us their latest forecasts for the pound dollar currency pairing as we enter the new month.
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The US Federal Reserve looks committed to raising interest rates sooner than later – something that should arrest recent gains in the pound / dollar exchange rate.
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