The Pound to Dollar exchange rate will end the year higher, according to the consensus. However, analysts at HSBC reckon this is way too optimistic.
Dollar bulls needed a consensus-beating inflation print to maintain their stampede but received news of an unexpected cooling in core inflation.
GBP/USD Back below $1.2150
- Category: USD
GBP/USD is back below $1.2150 as Rachel Reeves fails to draw a line under bond selloff, writes Kathleen Brooks, research director at XTB.
Pound Sterling starts the new week weaker and looks set to test 2023 lows against the U.S. Dollar.