Strategists at Bank of America say their bet that rising political uncertainty in Britain would hurt the pound has paid off.
The pound-to-dollar exchange rate outlook is looking increasingly bearish as the Fed narrative shifts.
The dollar is in a 'vibe-cession' say analysts, and sentiment will shift.
GBP/USD in Fresh Volatility as Geopolitical Tensions Drive Safe-haven Demand for U.S. Dollar
- Category: USD
The pound-dollar exchange rate climbed to 1.36 in early May, the highest level since mid-February, before slipping back to 1.3575 in Tuesday trade.
