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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The British pound is caught at familiar levels against the US dollar for the 6th week in a row now - welcome news for those seeking stability in a volatile currency market place.
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Danske Bank have updated market with their latest forecasts for the pound v dollar exchange rate.
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