The Pound has come under relentless pressure against the Dollar, but could be due some relief near-term.
City Index analyst Fawad Razaqzada says a drop to $1.25 looks increasingly likely for the Pound to Dollar exchange rate (GBP/USD).
The Dollar has liked Donald Trump's top picks so far, but his choice for Treasury Secretary could matter the most.
Pound Sterling has come under notable pressure against the Dollar as markets prepare for the second Trump administration, but we think relief is in store this week.
- U.S. Dollar Surprisingly Soft After Powell Casts Doubt on December Rate Cut: Trading Point
- GBP/USD & EUR/USD Dumped as Investors Digest "Wild Wednesday" in Washington
- Pound to Dollar Down Rate Slices 1.27 Following U.S. Inflation Release
- Fresh Lows for Pound to Dollar Rate As Trump Eyes Trade 'Hawk' Appointments