
British Pound: Upward momentum targets 1.3700 against US Dollar – UOB
British Pound: Upward momentum targets 1.3700 against US Dollar – UOB
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British Pound: Upward momentum targets 1.3700 against US Dollar – UOB

Euro: Further upside toward 1.1725 against US Dollar – UOB

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Pound-Dollar can hold above $1.36 if pressure on the US Dollar from fiscal concerns and softer Fed bets offsets any drag from weaker UK retail sales and PMI data. The Pound US Dollar (GBP/USD) exchange rate maintained a positive trajectory on Thursday, with the pairing being propelled to its best levels since mid-February.

Pound-Australian Dollar could struggle to hold gains if UK retail sales and PMI data disappoint, although softer Australian business surveys may limit AUD support. The Pound to Australian Dollar (GBP/AUD) exchange rate appreciated on Thursday in response to a weaker-than-expected Australian jobs report.

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