The dollar has been sliding all week and is now at its weakest against the pound since mid-February. Ceasefire optimism has stripped out some of the safe-haven demand that had kept it elevated, and soft US inflation data has removed the argument for higher rates. For anyone thinking about a dollar-denominated purchase – US property, university tuition or regular transfers – this is a more favourable window than it was a week ago, though the picture could shift quickly if Tuesday’s ceasefire deadline passes without a deal.
USD/GBP past year
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