A solid recovery by Sterling over the past 24 hours, as the GB Pound has reacted to positive soundbites and rumours regarding developments in the Brexit negotiations.
Furthermore, global asset classes have seen a shift to more of a “risk on” environment since last Friday, fuelled by an easing of global economic growth worries amid the positive tone coming from US-Sino trade war negotiations.
This has seen a broader weakening of the US Dollar against major currencies since Friday, as the US$ has previously in February been seen a safe haven currency of choice.
Here we look at the Pound versus the US Dollar, GBP USD Forex rate.
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbp-usd-forecast-the-pound-rebounds/