020 7898 0500The sterling-US dollar pairing has taken its lead from sterling this week, hitting a three-week high yesterday. The recent positive data in the UK has driven the currency pair higher, and until we hear more from Janet Yellen at the Jackson Hole Symposium on Friday, there are no planned releases that are likely to reverse the current trend. As always, however, unexpected events have the potential to upset currency markets.
The Jackson Hole Symposium brings together central bankers from across the globe, and focus is on Janet Yellen and whether she will provide any rhetoric regarding a follow-on from December’s rate hike, which was the first in 10 years.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
