The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
GBP/USD: forecast for March 20-24
The Bank of England left rates on hold, but its member Kristin Forbes voted for a hike thereby showing that policymakers becoming more and more concerned with a rise in inflation.
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.