The US Dollar fell in broad-based losses that came alongside simultaneous declines for US stock and bond markets last week as some public and private investors were said to have taken flight, perhaps like they were Israelites fleeing from the great house of Pharaoh.
The Pound to Dollar exchange rate is trading buoyantly near six-month highs and should remain well-supported above 1.2947, with scope for further possible upside during a week ahead that potentially risks seeing exploitative mythologies of a poisonous kind taking hold in US asset markets.
Sterling Gilts and US Treasuries rebounded on Thursday following earlier across the curve weakness that was incongruous with the then-global bid for government bonds, but the risk of episodic bouts of weakness lingers due to pressure on the Chinese Renminbi and prospect of further interventions in support of the currency.
The US dollar rallied back from six-month lows against most major counterparts in North American trade on Wednesday after President Donald Trump announced a 90-day delay and a reduction to the reciprocal tariff imposed imports on all other countries from the White House last week.