Pound Sterling is forecast to remain under pressure against the Dollar in a week that sees the new U.S. President take office.
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.