The US dollar exchange rate complex (USD) is witnessing weakness on Thursday morning as global markets trade weaker as analysts rush to update their forecasts for the pound dollar exchange rate.
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Sterling saw broad gains Wednesday morning following the Bank of England’s quarterly inflation report which provided updates on the bank’s forecasts for growth and inflation.
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The US dollar exchange rate complex (USD) is stabilising following on from two difficult weeks.
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A look at the performance of the British pound sterling against the US dollar, euro, Canadian, New Zealand and Australian dollars on the 5th of February 2014.
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The Pound dollar exchange rate forecast has deteriorated over the course of the past few hours as analysts start to price in a deep correction for GBP in coming days.
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The pound sterling to US dollar exchange rate is trading sharply lower on Thursday morning as the US dollar exchange rate complex finds broad-based support.
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The US dollar (USD) has today advanced against the British pound sterling however the outlook appears to favour further gains for the GBP.
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