The Pound-to-Dollar rate was under renewed pressure on Thursday as the Brexit talks hung in the balance amid controversy over the government’s internal markets bill, which has divided analysts and the market on the prospect of a deal being reached as well as the outlook for Sterling.
September 10,2020
The Dollar has rebounded this week but could have the legs to recover further if a darkening mood between Brexit negotiators leads UK-EU trade talks fall apart in Autumn, given that Sterling and the Euro account for a substantial part of flows measured by the Dollar Index.
September 8,2020
The call to sell Sterling against the Dollar was made ahead of the 0.87% decline registered on Monday, but there is still further downside to come before it fulfils its potential.
September 8,2020
"The reversal from the 1.3500-1.3550 resistance, along with our cycle analysis, suggests a broader correction back to test the 1.30 support region should be seen" - Lloyds Bank.
September 7,2020
The U.S. Dollar strengthened against the Euro, Dollar and other peers while stock markets were mixed and volatile in the wake of jobs data out of the United States that showed 1,027K jobs were created in the non-farm sector in August, which was less than the 1,200K jobs the market was expecting.
September 4,2020
The Dollar won a consolatory victory with gains over all major counterparts on Wednesday in price action that may have had as much to do with a rally in Chinese exchange rates as it did anything else, which some analysts saw contributing to falls in the Euro-to-Dollar rate and a rise in the U.S. Dollar Index.
September 3,2020
The Pound-to-Dollar exchange rate is back below 1.34 in mid-week trade amidst a broader recovery in the U.S. Dollar with one analyst saying an historically significant resistance point looms ahead, a rubicon that must be crossed if the broader multi-week trend of appreciation is to remain intact.
September 2,2020
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