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Pound-to-Dollar Week Ahead Forecast: GBP Bids 'Goodnight Vienna' to USD Bulls
The Pound-to-Dollar exchange rate rate is on the cusp of another firecracking rally that will be aided by investors' improving sentiment toward the global economy as well as trade-weighted depreciations of the greenback and the Renminbi. Pound Sterling fared poorly last week even in the face of robust UK economic data, leaving the Pound-Dollar rate in line for a Monday catch up with European counterparts ahead of a big week for U.S. economic data and the Dollar. The UK calendar is quiet over the coming days although brighter global prospects are likely to be buttressed by strong U.S. GDP data, which could exact a ... (full story)
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