U.S. economic outperformance has been a driver of Dollar outperformance since the pandemic, but it could finally be ending thanks in part to Elon Musk's (DOGE).
Pound Sterling's recovery against the Dollar should extend in the coming week.
U.S. initial jobless claims unexpectedly rose by 219K, helping the Pound-to-Dollar exchange rate (GBP/USD) to a fresh two-month best.
A new FX market assessment by TD Securities says it is too soon to bet against the U.S. Dollar.
Horizon Currency Ltd
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Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508).