Uncertainty looms for both USD and GBP as both countries reckon with unpredictable forces. Relentless selling saw the dollar have a terrible month in July, and now concerns that President Trump may call into question the legitimacy of votes in the U.S. election and risks of failing to pass another fiscal stimulus package are further undermining the currency.
Meanwhile the pound has seen surprising strength over the past month, but with a Bank of England meeting on Thursday, local lockdowns and COVID-19 second wave fears, can this trend continue? Lee Hardman, currency analyst, gives his forecast.
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