Foreign exchange market snapshot at the London open.
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Week-ahead forecast: The balance of probabilities favours further downside pressure while GBP/USD remains below its 21-day and 100-day moving averages. The dollar is pushing ahead on Monday, helpe…
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The prospect of a more enduring dollar advance has risen materially.
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The British pound rises against the dollar into the week's main calendar event, the U.S. job report.
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TD Securities say a tick higher in the unemployment rate will weigh on the dollar.
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Dollar strength will be difficult for the British pound to resist; look for further pound-to-dollar weakness in the outlook.
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The dollar benefits as investors turn away from cryptocurrencies and gold, and there could be further gains ahead.
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