GBP Rises Breaking 1.43 Price Level

April 16, 2018 Share Print 0

The pound has continued its recent strong run against the dollar pushing firmly above $1.43.

It is the seventh session in a row that the pound has made gains against the US currency.

The strong run means that, among the G10 group of rich nations, the UK has the best-performing currency this year.
Traders say the prospect of higher UK interest rates has made the pound more attractive while the dollar has been hit by fears of trade disputes.

The pound started the week with a gain of almost a cent to $1.4323, while against the euro it was 0.2% higher at €1.1569.

Following the vote to leave the European Union in June 2016 the pound sank, hitting $1.2068 in January of last year.
Since then it has made a comeback.

via BBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.