GBPUSD short-term outlook remains positive, but strength to be limited given broader USD dynamics.

"We maintain a bearish view on the GBP/USD outlook even if the selling looks quite extended on all time frames. If there is a bounce to be seen, this is likely to be short-lived. We reckon the cable could be heading to 1.20 and possibly 1.18 in the weeks ahead."

Recovery from oversold conditions can extend, 1.2350 a potential short-term target.

The currency research and strategy team at Goldman Sachs have slashed their forecasts for the Pound as they announced they have "officially shifted back to Sterling bears".

The British Pound has now been subjected to 11 weeks of relentless pressure against the Dollar and there is little to suggest the selloff is about to end with most analysts saying 1.20 will be targetted over the coming weeks, although near-term some stabilisation can be expected.

Despite a month of selling, the British Pound is unlikely to experience significant weakness going forward according to new research from one of Europe's most prominent investment and commercial banking providers.

"GBP/USD fell with the euro and has slipped below its 200-day average, which looks ominous" - Société Générale.

The Pound to Dollar exchange rate is said to be at risk of further losses in the short-term and even a positive UK labour market report on Tuesday would unlikely be enough to resist the broader Dollar trend.

The British Pound and Euro have reached the "end of the road" according to a new analysis from HSBC as analysts hail the return of the "king dollar".

Barclays says in a new forecast revision it turns "less hopeful" on the British Pound's prospects, particularly against the Euro, Dollar and Swiss Franc.

"The next area of possible support would be at around 1.242; if that doesn’t hold we could then see a reversion to the major low posted near the end of May, i.e. at 1.232 or so" - The Technical Trader.

Pound Sterling appears vulnerable to losses against the Dollar over the coming weeks of September according to a new analysis released at the start of the new month.

The Pound to Dollar exchange rate was trading buoyantly above its recent lows on Tuesday after entering the new week on the front foot and could have scope to edge higher in the days ahead in the absence of any upset from central bank speeches in the U.S. or foreign exchange policy developments in China.

The Pound to Dollar exchange rate has receded sharply from the highs of early July but the risk now is that any attempted recovery is held back from Wednesday by a further ebbing of the inflation tide in the UK, potentially leaving Sterling unable to sustain any advance beyond the 1.28 level for the week. 

The U.S. Dollar can maintain its recent trend of appreciation helped by favourable seasonal trends and will be untroubled by a recent rating agency downgrade of U.S. debt, shows new research from JP Morgan.

The Pound to Dollar exchange rate entered the new week finely balanced around the middle of its medium-term equilibrium range spanning the gap between 1.20 and 1.33 but  with short-term prospects hinged on market appetite for ‘carry’ trades and UK economic growth numbers out on Friday. 

"August dull? Rangebound trading? Not a chance," says Kenneth Broux, a strategist at Société Générale, referencing the shakeup in U.S. bond markets that has in turn fed into a stronger dollar.

The Pound to Dollar exchange rate enters a formative period for the outlook and a big week for economies on both sides of the Atlantic with the potential to see highs near 1.30 and lows around 1.27 but with much of the action likely in the latter half when the Bank of England (BoE) and July non-farm payrolls report take center stage.

The Pound to Dollar exchange rate entered a new and potentially volatile week with a risk or chance of external factors leading to a retest of 1.30 or more in the event of any monetary policy surprises from the Federal Reserve (Fed) or Bank of Japan (BoJ) in the days ahead. 

The Pound to Dollar exchange rate rose ahead of a key support level that must hold or risk a slide to 1.27, according to a new analysis.