The British pound (GBP) is struggling to regain lost ground against the US dollar. Indeed, latest forecasts suggest the situation could get even worse.
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Investors remain overwhelmingly positive on the outlook for the US dollar while sentiment towards the pound sterling (GBP) is also seen improving.
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Has the US dollar rally - the highlight of the foreign exchange markets at present - run its course?
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A look at the exchange rate markets today shows that the British pound, euro and US dollar have broken out of recent trends in reaction to a busy event calendar.
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The US dollar exchange rate's rapid mid-year climb is said to be growing older by analysts at TD Securities who reckon further advances are becoming increasingly harder to sustain.
Read more … →We present the latest selection of forecasts from the big-name analysts we follow for the British pound against the US dollar on the global currency markets in coming weeks and indeed months.
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A busy week starts by unveiling UK CPI up 1.5% in August compared to 1.6% in July ensuring losses for Pound Sterling (GBP) against the US Dollar.
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