The Pound-to-Dollar exchange rate unravelled in the final moments of last week but could resist gravity over the coming day given nearby technical support levels, a bullish setup on the charts and seemingly improved odds of a Brexit trade deal, although the Dollar outlook itself is a bit of a wild card. 

October 26,2020

The Dollar Index lifted off three-month lows on Thursday but the greenback’s downward spiral is a long way from over, according to BMO Capital Markets forecasts, with threats to U.S. energy independence, rising deficits and onerous tax policy all seen encouraging further depreciation in 2021. 

October 22,2020

The Dollar unravelled again as U.S. government bond yields hit three month highs on Wednesday, with expectations of further largesse in Washington counted among the drivers of declines for a currency that may have more at stake in the battle for further stimulus than even the economy does.

October 21,2020

Analysts have been drawing caution on an assumption that the Democrats will secure a coveted 'blue wave' outcome to the November election, an outcome that financial markets could be guilty of assuming as a forgone conclusion.

October 20,2020

The Pound-to-Dollar rate extended its recovery off October lows on Tuesday and is tipped by TD Securities to remain on an upward trajectory into year-end, aided by a UK-EU trade deal that remains the bank’s favoured outcome from the talks. 

October 21,2020

The Pound-to-Dollar rate could be set to underperform as an elevated ‘no deal’ Brexit threat encourages investor caution, but absent a clear end of efforts to reach a trade agreement, Sterling may take its lead more from appetite for the Dollar and risk assets than it does the Brexit drama.

October 19,2020