The British Pound remains vulnerable to further losses against the US dollar but continues to move back towards a multi-year high against the Japanese Yen. GBP/AUD set for a six day rally.
The US bond market is sending out a clear signal, interest rates have peaked and they are going down next year. This US dollar weakness is helping GBP/USD reverse its recent slump
The Bank of England is expected to leave interest rates unchanged next week and this will not help Sterling as it drifts towards 1.2000 against the US dollar