British Pound Weekly Forecast: Data-Drought Could See Further GBPUSD Slips
The Pound has been quite resilient through some conflicting UK economic news but there’s much less on the coming week’s slate
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The Pound has been quite resilient through some conflicting UK economic news but there’s much less on the coming week’s slate
Sterling remains relatively elevated despite recent US Dollar strength. This week may make life a bit tougher for Sterling bulls
Sterling has benefited from the Bank of England’s clear lack of urgency to move borrowing costs either way. In a data-light week that support will probably stick
The British Pound has been risen quite consistently against the United States Dollar since late September, but most of that has been a ‘Dollar weakness’ story rather than a vote of confidence in Sterling.
Sterling has been the beneficiary of quite a rethink as the UK’s economic numbers have improved. A pause for thought is now likely.