Gains in the Pound to Dollar exchange rate (GBP/USD) are possible, but upside is entirely dependent on U.S. Dollar weakness.
The analysis offered by Federal Reserve Chair Jerome Powell reveals a large shift in the Fed's risk assessment, which will be "problematic" for the Dollar.
The Dollar looks relatively well supported, despite Trump's ongoing efforts to meddle with the Federal Reserve.
"Get ready for the great stagflation. Sell U.S. dollars and buy gold & foreign stocks!" - Peter Schiff.