Dollar at Strongest Level in 7 Months

The video discusses market expectations regarding the Fed's minutes and potential allies among dissenters. It explores the impact of a rate hike on the dollar, noting a pattern of initial rise followed by a fall. The strengthening of the sterling is attributed to Brexit developments, with Theresa May seeking parliamentary backing. Analysts predict the pound-dollar rate to stabilize around 1.18, supported by a chart analysis showing significant movement towards the third standard deviation.

Explain the concept of 'buy the rumor, sell the fact' in the context of monetary policy.

Evaluate responses using AI:

OFF

What are analysts predicting for the pound dollar exchange rate, and what factors contribute to this prediction?

Evaluate responses using AI:

OFF