British Pound Down But Paring Losses Vs Dollar As Market Looks to Fed
Sterling has benefitted from increased risk appetite, but its rise seems to be losing a bit of steam
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Sterling has benefitted from increased risk appetite, but its rise seems to be losing a bit of steam
The Pound is holding above 1.2400 but is under clear pressure and the bulls will have a fight on their hands to keep it above that psychologically important level this week.
The British Pound heads into a new trading week under pressure against the United States Dollar as once-reliable monetary-policy support continues to ebb.
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 Pound has been quite resilient to economic shocks, probably because they haven’t moved the dial on interest-rate views