The Pound to Dollar exchange rate stabilised around one-month lows on Wednesday but it faces technical and fundamental headwinds that could complicate any attempt at recovery in the days and weeks ahead.
Pound Sterling has declined for three weeks in succession but ultimately clings onto a broadly constructive setup.
The Pound to Dollar exchange rate rose and stocks tanked after a highly anticipated U.S. job report confirmed unemployment continues to rise as the economy slows.
Leading U.S. investment banks have laid out their strategies and forecasts for Dollar exchange rates as the countdown to the U.S. election approaches.