GBP/USD: A Weekly View

The Dollar continues to be volatile this week, as trader expectations react to market developments. Yesterday's rise in core consumer inflation sent the Dollar higher yesterday with many analysts finding it hard to believe that the Fed would be able to pause in light of two consecutive jumps in the core number. This calculation was helpful to yield-hungry Dollar investors, though quite painful to equity investors. Also helpful was some jawboning from senior European government officials, who expressed concern about the Euro's recent gains. Read More....