June 17, 2021

February Highs Enter Pipeline as Data Dominates

– GBP/USD in breakout mode with 1.4240 targeted
– 2018 high nears 1.4377 possible further down line
– Fed minutes, USD & UK data set agenda this week
– While new virus risks seep onto fringes of radar

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  • GBP/USD reference rates at publication:
  • Spot: 1.4107
  • Bank transfers (indicative guide): 1.3712-1.3811
  • Money transfer specialist rates (indicative): 1.3860-1.4000
  • More information on securing specialist rates, here
  • Set up an exchange rate alert, here

Pound Sterling starts the new week higher against most major currencies having convincingly overcome 1.40 against the Dollar in the previous week, where the U.S. currency was itself lifted almost across the board in often-volatile trading.

The Pound-to-Dollar exchange rate led Sterling to the top of the rankings and it could ascend further toward its late February highs over the coming days if UK economic data pans out…

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