GBP/USD

The Pound-to-Dollar could trade with much volatility in the week ahead due to the plethora of important releases on the calendar, whilst charts are signaling a slight downside bias.

Sterling has rebounded following a turnaround in increasingly bleak EU talks whilst technical analysts say the charts could be showing support for further upside for the Pound - at least eventually.

The US Dollar rose over a third of a percent on Friday after US lawmakers approved a multi-trillion Dollar budget which gives Republicans the opportunity to rewrite the tax code, without a single Democrat vote.

Government borrowing appears to be declining overall according to data from the Office of National Statistics (ONS) who released government borrowing data on Friday which showed a fall of about 700 million compared to the same month in the previous year, and below what economists had forecast.

The Pound-to-Dollar pair has finally shown its hand...

Sterling is weaker after the release of Retail Sales statistics showed a massive decline in September sales, but a leading economist still thinks Bank of England (BOE) will hike rates.

The Pound-to-Dollar has been rising since making a low at the start of October, we analyse the views surrounding this move and the current market structure in an effort to determine whether it is likely to extend or not.

Looking at the Pound-to-Dollar exchange rate we note how the lower timeframe charts are showing a risk of a bullish break higher but the bigger picture still looks bearish, and, ultimately, it may come down to what happens at key battle ground levels will determine which way the market eventually plays out.

Theresa May has been on the ropes recently and the pressure does not appear to be letting up; if she resigns and a snap election is called Labour might swoop into power - it's not as far-fetched as it might seem.

The Pound-to-US Dollar is forecast to continue declining as analysts hold a bullish view of the Dollar following recent strong wage and service sector activity data.

Sterling is likely to rise, according to research from Bank of America Merill Lynch, which argues low unemployment is behind central bank's hawkishness more than inflation. 

 Sterling vs Dollar sold off almost half a percent on Thursday morning after a variety of factors and news reports eroded confidence in the currency, what now are the next targets lower for the pair?

The Dollar has recoverered from its 1.3658 highs to the mid 1.32s over the past three weeks, but the recovery now looks like it may be running out of steam; we review the key drivers of this pair, both fundamental and technical.

The Pound-to-US Dollar is in an uptrend but the price, "seems like it has pulled back a little bit too far, because the price has gone beyond this 10 and 20 moving average buy zone. Which tells me a much further pull-back is due," says Trade With Precision's (TWP's), Trading Instructor, Hao Sun.

The pair continues to trade with an upside bias which is likely to either gain or lose validity depending on key activity data this week; politics will come to the fore too, with the Conservative party conference and on Friday the Dollar will be in the spotlight with the release of September Payrolls.

A rough sketch proposal of tax cuts - or 'reforms' - has been presented by the US adminstration, now analysts are estimating its expected impact on the Dollar.

 Italian Lender Unicredit have been taken by surprise by the rebound in the US Dollar, says the bank's Co-Head of Strategy Research & Head of FX Strategy Research, Dr. Vasileios Gkionakis.

EUR/USD will weaken and GBP/USD will follow it lower, forecasts Societe Generale's Chief Global FX Strategist, Kit Juckes.

The Dollar Index, which is the Dollar averaged against a trade weighted basket of counterparts has bounced strongly in recent weeks.

Traders' appetite for Pounds may have reached its limit and is increasingly at risk of falling, according to study of order flows undertaken by Scott Dingman, Quantitative analyst at Citibank.