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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Markets think there is now a chance the Bank of England cuts 50 basis points before year-end, courtesy of Governor Andrew Bailey's latest comments.
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Safe haven demand for the Dollar spiked on fears of an Iranian ballistic missile attack on Israel.
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The Dollar is bid at the start of the new month and final quarter of 2024, helped along by Federal Reserve Chair Jerome Powell's latest guidance on interest rates.
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