Should I buy dollars ahead of the U.S. election? Consider covering at least half your exposure, says a leading foreign exchange dealer.
The Dollar is rising as the odds of a Donald Trump win on November 04 increase in probability, and analysts say there would be more to come in the weeks following a win.
Pound Sterling looks set to remain on the defensive against the Euro, and we could see sub-1.30 levels again in the coming five days.
The British Pound trades higher against the Dollar in the wake of Friday's retail sales data, but the risks are still tilted to the downside.