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Barchart
Barchart
Don Dawson

Pound Sterling Surges Against US Dollar: Can the Rally Continue?

United States US Dollar Powell Bank of England Barchart MRCI United Kingdom US Federal Reserve

The bulls have woken the sleeping GBP/USD. Since mid-December 2023, the GBP/USD weekly chart has seen sideways trading activity. The past five trading days have seen a 1.55% increase in value, adding to a year-to-date .94% increase. The question becomes, will the rally continue? As the UK's fiscal first quarter begins in April, a seasonal pattern of higher prices has occurred. 

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