The Pound to Dollar exchange rate rallied ahead of the weekend and could attempt to rise further ahead of Wednesday’s release of UK inflation figures, which could ultimately be the difference between whether Sterling climbs toward 1.30 over the coming months, or unravels back toward 1.20 and below. 

Nomura adds a short position on GBP/USD to its strategy portfolio in anticipation of a consensus-beating fall in UK inflation expected to be announced next week.

Jefferies is looking for a stronger Dollar into year-end as a global slowdown and as U.S. funding issues drive demand for the U.S. unit.

ABN AMRO has upgraded its forecast for the British Pound against the Euro and Dollar expecting the Bank of England to be less "dovish" over the coming months than the ECB and Fed.

The Pound to Dollar exchange rate beat a retreat from its highest level for more than a year last week but economic headwinds on both sides of the equation now risk seeing it sidelined into a further consolidation.

The Pound's run higher is due to pause according to strategists at one of the world's largest primary brokers of foreign exchange.

70% chance the Bank of England hikes and keeps guidance unchanged, 20% chance a halt to the cycle is signalled = 90% chance the Pound falls today.

Our bullish GBP/USD forecast is unlikely to change much.

GBPUSD hit a new one-year high at 1.2668 at the start of the week but technical analysis reveals it is looking stretched ahead of a key U.S. inflation release and Thursday's all-important Bank of England decision.

The Pound to Dollar exchange rate climbed to a fresh one-year high to open the new week but shifting market expectations of the Federal Reserve (Fed) and new Bank of England (BoE) inflation forecasts are just two of the factors that could yet lead it to run aground in the days ahead. 

The Pound to Dollar exchange rate lifted Sterling to the top of the major currency league table last week but could rise further toward roughly 1.2690 up ahead if last week's economic figures lead the Federal Reserve (Fed) to take a rain cheque on a widely anticipated interest rate step this Wednesday. 

GBP/USD is rising again as global equity markets recover with a push to 1.25 being possible if Thursday's U.S. GDP reading disappoints.

The Pound to Dollar exchange rate has appeared to establish a foothold above the 1.24 handle in recent trade and could rise further in the days and weeks ahead, although White House and Congressional politics are much greater upside risks than any of the appointments sitting in the economic calendar.

The Dollar could be about to make another leg lower that will allow the Euro and Pound to rally to fresh multi-month highs before the northern hemisphere's summer sets in, however, a lull in price action might then be expected.

Favourable April seasonality propels the Pound to its strongest valuation against a host of currencies since the start of the year, but momentum indicators look overbought and gains should fade says Bank of America.

The Dollar is finding itself bid in midweek trade amidst a broader turn lower in global equity markets, highlighting the currency's enduring safe-haven appeal.

The Pound to Dollar exchange rate staged a hasty retreat from eleven-month highs ahead of the weekend but could slip further this week if a pending deluge of UK economic data calls into question some of the popular assumptions about the outlook for the Bank of England (BoE) Bank Rate.

BNP Paribas Securities Corp's Head of Americas Macro Strategy, Calvin Tse, has suggested that the US dollar (USD) could be set for a multi-year structural decline due to several factors.

The Pound to Dollar exchange rate has rallied strongly in recent months and could rise further to 1.30 or so before the curtain closes on 2023.

According to a recent report by Deutsche Bank, the market's expectations for the British Pound may have become overly optimistic in recent weeks.