Pound to Dollar Technical Forecast: "Positive Technical Undertone," say Scotiabank

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Pound to Dollar Technical Forecast: "Positive Technical Undertone," say Scotiabank

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November 27, 2023 – Written by John Cameron

pound-to-dollar-rate-forecast-12

The Pound to Dollar exchange rate hit 12-week highs just above 1.2640 on Monday before consolidation around 1.2625.

The relatively light economic calendar this week will tend to increase the importance of more technical factors.

One significant element will be month-end trading.

According to Barclays; “Our proprietary month-end rebalancing model indicates…
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