We forecast further losses for the Pound against the Dollar in the coming week, but we think downside will be limited to 1.3036.
The Dollar fell after a softer-than-expected U.S. labour market report raised the odds of a 50 basis point interest rate hike at the Federal Reserve on September 18.
The highlight of the week approaches in the form of the U.S. labour market report, where a surprise outcome can shake up markets ahead of the weekend.
Pound to Dollar Rate JOLTed Higher
- Category: USD
The wild ride in FX continues with the Dollar falling sharply following a U.S. labour market report that pointed to weakness in the U.S. job market.