Analyst George Vessey at Convera writes the Pound looks vulnerable to a bigger corrective dip lower.
Pound Sterling hit highs above 1.30 against the Dollar last week, but a decline in stock markets brought the rally to a halt. This week, we will watch the market's reaction to U.S. political developments for guidance.
The Dollar is on the front foot again amidst a decline in global equity markets, which is linked to new restrictions on tech exports to China and a global IT shutdown.
Pound to Dollar Exchange Rate Hits 1.30
- Category: USD
The Pound to Dollar exchange rate has hit 1.30 and a break here opens the door to further gains, according to analysts.