Forex
Pound Sterling to Dollar Exchange Rate Sees Slight Recovery Amid Ongoing Uncertainty
The Pound to Dollar exchange rate has recovered slightly after finding support below 1.3350.
Despite this, markets remain uncertain about the relative strength of the US and UK economies.
According to Scotiabank, the medium-term trend for GBP/USD is bullish, but spot needs to stay above 1.33 to maintain it.
Danske Bank notes that near-term risks are tied to the war in Iran, while medium- to long-term risks continue to be tied to the US growth outlook and monetary policy outlook.