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Following last week's excellent Manufacturing Production data, investors still seem to be in a confident mood, especially with the mounting uncertainty surrounding the political situation across Europe and the on-going talks with Greece and their creditors.
Investors are also keeping a close eye on the States and President Trump, last week Trump promised a ground breaking tax reform, but there are still concerns about his some of his policies and his determination to weaken the value of the U.S. dollar.
GBP/USD graph
What could impact the GBP/USD cross this week?
Markets will be monitoring the release of the UK's latest retail and inflation figures this week for further clues about how Britain's economy is holding up.
If this week's data continues to show the UK is growing it could give the pound a major boost. Economists had feared the worst after the referendum result in June, but despite the all the negativity the economy is still growing and in my opinion gives the pound a solid foundation as we approach the government triggering Article 50.
Do you need to buy or sell dollars?
If you are looking to buy or sell dollars in the weeks and want to make sure are making the most from your transfer, contact me today for a free, no-obligation currency consultation.
As a specialist in currency exchange I have a range of tools at my disposal to help protect you against adverse market movements or target a rate of exchange that might not be currently available.
For more information about how I can help or to find out what rate of exchange I can offer, complete the contact form by click on the link below.
As a specialist in currency exchange I have a range of tools at my disposal to help protect you against adverse market movements or target a rate of exchange that might not be currently available.
For more information about how I can help or to find out what rate of exchange I can offer, complete the contact form by click on the link below.
