Pound Sterling will weaken against the Dollar to levels last seen in May, according to a new analysis.
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There are high odds the U.S. economy could be in recession by 2025, according to a new assessment by BCA Research.
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The Pound to Dollar exchange rate faces three key tests in the coming week: French political risk, UK inflation (Wednesday) and the Bank of England decision (Thursday).
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The Pound to Dollar exchange rate's rise to levels above 1.28 proved fleeting, and it has since given back recent gains, with the Federal Reserve decision playing a part in the move.
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The Dollar was sold widely and stock markets rallied after U.S. inflation printed below expectations.
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Pound Sterling looks vulnerable to a meaningful technical breakdown against the Dollar in the event of a strong U.S. inflation report midweek.
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Dollar exchange rates rallied after the U.S. printed red-hot job numbers that will raise questions of whether an interest rate cut in 2024 is at all tenable.
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