Mixed signals from the U.S. President keep the dollar bid.
Pound-Dollar Rate in De-escalation Rally
- Category: USD
The pound rose against the dollar on Wednesday, carried higher by growing hopes that the Iran conflict may be moving toward resolution – but analysts warn the rally is fragile and the broader downtrend remains intact.
That headline is an unusual one: the dollar typically falls when Fed rate cut bets increase.
Our Week Ahead Forecast shows a break below 1.3218 is a very real prospect.
