The Pound to Dollar exchange rate has broken through the 1.26 level, but an analyst says a trapdoor awaits just below here.
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The Dollar's strong start to the new week was given a fresh boost following the release of a U.S. economic survey that confirmed a strong start to the year.
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The Pound to Dollar exchange rate risks further declines over the coming week unless Monday's release of ISM employment figures dents the Dollar's advance.
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Pound Sterling fell sharply against a resurgent U.S. Dollar which caught a fresh bid following the release of some hotter-than-expected U.S. job and wage numbers.
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The Dollar is outperforming the majority of currencies in the wake of the Federal Reserve's message that it is too soon to cut interest rates.
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The routes to Dollar strength outweigh those to weakness, according to a new strategy analysis conducted by a leading investment bank.
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The GBP/USD’s ability to hold its own near 1.2720 to 1.2800 resistance area for the last two months is a sign of strength.
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