Pound-US Dollar Week Ahead Forecast

The Pound-to-Dollar rate snapped a three-day winning streak on Friday and may see further losses if risk-aversion continues to upend global markets, but bullish charts and the UK’s lead on coronavirus vaccinations have got some analysts suggesting new multi-year highs are only a matter of time. Sterling was one of the worst performing major currencies Friday after IHS Markit PMI data suggested that Britain’s all-important services sector underwent a sharp slump in January and Office for National Statistics data showed an anticipated December rebound in retail sales failing to materialise. Investors gave the Pound a … (full story)

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