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US positivity drives the dollar onwards

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 1, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    We saw the pound trade at 1.5000 to the US dollar yesterday for the first time in 7 months following a warning from Bank of England member, Gertjan Vlieghe, that a stronger pound will have an unwanted impact on the UK’s inflation. Implementing monetary policy tightening is not yet an option, he said, given that the UK needs to stabilise before this can happen. Things didn’t stay at that rate over the whole day’s trading, as it would be, as new data from Chicago regarding its PMI levels and

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