The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
GBP/USD: forecast for Aug. 28 - Sep. 1
The outlook for the British pound is still clouded by concerns about Brexit risk and economic fundamentals. Data showed revised quarterly growth of 0.3% in the second quarter, while household spending remained weak.
The pound is highly volatile after a Brexit referendum. Have a look what other factors affect the UK currency. And get clues on future movements of GBP.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.