Major Forecast Update Shows Pound Sterling and Euro to Make Big Gains Against U.S. Dollar
- Category: GBP
"The dollar bear market is finally here" - Deutsche Bank.
Pound Sterling was laid down in green pastures afresh on Thursday but could be set to rally much further against the broadly weaker US Dollar, and perhaps even all other currencies, in the days, weeks and months ahead, as a metaphoric Exodus from American assets continues, and the greenback cracks.
Risk-on / Risk-off (ro-ro) is firmly in charge of the Pound-to-Euro exchange rate.
The British Pound could be set to soar like a plane as Sgt Pepper’s Lonely Hearts Club Band pervades the airwaves once again, while the market sings Bye, Bye Miss American Pie, as it looks like that time for it to rise on up high, for if there ever was such a thing as Glossolalia, then it wouldn’t call for another Black Dahlia.