Pound Sterling has retraced from the peaks of its October rally against the Dollar and further losses are possible over coming days, particularly if the Bank of England disappoints markets by shying away from raising interest rates.

November 1,2021

“If that doesn't happen, and wage growth continues to run at this pace, then: Game Over. “Transitory” would have to be abandoned.”

October 31,2021

USD in broad losses after Q3 GDP misses expectations and consumer spending eases from extraordinary Q2 level.

October 28,2021

The Pound can still advance in value against the Dollar says a leading strategist we follow, supported in part by the stimulatory fiscal impulse provided by this week's budget announcement, although for now gains will likely be capped ahead of next week's central bank updates.

October 28,2021

The market is heavily positioned for further Dollar upside, to the extent that positioning is now overcrowded heading into the crucial November 03 Federal Reserve meeting policy meeting.

October 26,2021

GBP/USD steadier & supported at 1.3724 & then 1.3713, but could struggle on any recovery above 1.3800.

October 25,2021