Pound Sterling fell against the Dollar last week but could resume higher if the U.S. prints underwhelming data and Trump delays tariffs on Canada and Mexico.
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The Dollar rose after U.S. President Donald Trump confirmed March 04 tariffs are set to proceed.
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Pound Sterling looks set to extend higher in the short-term, shows a new analysis.
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Falling U.S. bond yields weigh on the dollar as the economy slows and investors anticipate reduced government spending.
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U.S. economic outperformance has been a driver of Dollar outperformance since the pandemic, but it could finally be ending thanks in part to Elon Musk's (DOGE).
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Pound Sterling's recovery against the Dollar should extend in the coming week.
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U.S. initial jobless claims unexpectedly rose by 219K, helping the Pound-to-Dollar exchange rate (GBP/USD) to a fresh two-month best.
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