... but both European currencies are now oversold against the Dollar on a tactical basis.
The Pound to Dollar exchange rate fell to 1.27 after U.S. inflation rose in October.
The Dollar powers onward, helped by Donald Trump's appointments of trade 'hawks' to his top team that reinforces his committment to significant import tariffs.
GBP/USD is under pressure at the start of the new week, and we will watch for key support levels to be tested in the coming days.
Horizon Currency Ltd
Albany House
40 Shute End
Wokingham
RG40 1BJ Companies House Registration: 11242368
Horizon Currency's payment and foreign currency exchange services are provided by:
Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).