The Brtish Pound's rapid climb against the U.S. Dollar risks stalling, says a currency strategy note from HSBC.
Dollar exchange rates are lower across the board despite news of a second assassination attempt on Donald Trump.
The Pound to Dollar exchange rate could test the 2024 high at 1.3250 if the Federal Reserve cuts interest rates by 50 basis points this week.
The British Pound is looking better supported against the Dollar, which sets up a platform for a more substantive rebound heading into next week's Federal Reserve interest rate cut.