The British pound to dollar exchange rate is well above its year-end 2015 and year-end 2016 forecasts held at the UK’s leading financial service providers.
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A new technical forecast regarding the pound to dollar exchange rate from a leading international payments broker suggests GBPUSD could peak at 1.62 as US dollar selling pressures remain.
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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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