The British Pound trades higher against the Dollar in the wake of Friday's retail sales data, but the risks are still tilted to the downside.
Foreign exchange strategists at Deutsche Bank see across-the-board U.S. Dollar gains if Donald Trump wins in November and his Republican party secures control of both the House and Senate.
Pound to Dollar Rate Tests Key 1.30 Break
- Category: USD
The Pound to Dollar exchange rate (GBP/USD) is testing the key level of 1.30, where a break opens the door to the 1.2820 level say analysts.
The British Pound will come under pressure if UK services inflation lands below 5.2% on Wednesday.