Pound sterling could see a relief-style rebound against the dollar in the coming days, but the building downside momentum is increasingly hard to ignore.
GBP/USD: Risks into Warsh's Debut
- Category: USD
Near-term risks to the dollar are tilted lower as a cautious Kevin Warsh meets hopes for further falls in oil prices.
The British pound can extend a recent recovery against the dollar in the coming days, helped by supportive geopolitical developments. Watch the Fed midweek.
The Pound-to-dollar dropped notably last week in the wake of a run of stronger-than-expected U.S. data.