The Dollar was remarkably unfazed by the Federal Reserve's commitment to cut interest rates in September, but Pound Sterling is floundering ahead of the Bank of England decision.
The Pound to Dollar exchange rate can remain under pressure into a potential interest rate cut and Friday's U.S. jobs report.
Foreign exchange analysts at Investec, the commercial and investment bank, have raised their forecast targets for the Pound to Dollar exchange rate.
The Pound to Dollar exchange rate could sail through the 1.30's in the coming months, bolstered by a more promising economic outlook and the prospects of political stability.