Pound Sterling could rebound against the Dollar if today's U.S. inflation data meet or undershoot expectations. However, any gains will likely be limited ahead of next month's U.S. election.
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The big banks have raised their forecasts for the Pound against the Dollar into year-end.
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Pound Sterling's decline against the Dollar is not a mere correction and looks set to run for at least half a year.
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The Pound to Dollar exchange rate fell 2.0% last week and still looks heavy, but a limited rebound is possible in the coming days.
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The Dollar rises as the odds of a 50 basis point interest rate cut in November are all but dead.
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Pound Sterling will come under further pressure against the Dollar if today's U.S. marquee job report comes in strong.
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The Dollar extended an already sizeable daily advance against the British Pound after new data showed U.S. economic growth found fresh momentum.
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