The Pound to Dollar exchange rate could sail through the 1.30's in the coming months, bolstered by a more promising economic outlook and the prospects of political stability.
Analyst George Vessey at Convera writes the Pound looks vulnerable to a bigger corrective dip lower.
Pound Sterling hit highs above 1.30 against the Dollar last week, but a decline in stock markets brought the rally to a halt. This week, we will watch the market's reaction to U.S. political developments for guidance.
The Dollar is on the front foot again amidst a decline in global equity markets, which is linked to new restrictions on tech exports to China and a global IT shutdown.