Trump = Stronger Dollar
- Category: USD
The Dollar is rising because markets see an increasing chance that Donald Trump will win the November election.
Pound Sterling starts the new week with a solid advance against the Dollar, although a busy U.S. data calendar and the UK's elections could offer up some volatility.
The Pound to Dollar exchange rate has dropped a third of a per cent in midweek trade amidst the U.S. Dollar's broader push higher thanks to 'hawkish' signals from members of the Federal Reserve.
What is the Pound to Dollar exchange rate forecast for the coming week? We think the Pound will remain vulnerable to further weakness but Friday could see a rebound if a key inflation reading comes in soft.