The Pound was sliding lower against a resurgent Dollar ahead of the weekend although new analyst forecasts and commentary suggest the British currency has further to fall in the weeks ahead.
June 14,2020
The Dollar was in recovery mode Thursday and some analysts say it could have the legs to go further after the June Federal Reserve (Fed) policy update drew a line under weeks of losses, although the nascent correction is seen by others as likely to produce buying opportunities in the Pound-to-Dollar rate.
June 11,2020
The U.S. Federal Reserve delivered its latest policy update overnight where it left policy settings unchanged and committed to keep interest rates in the 0.25%-0% range for a great while longer.
June 11,2020
The Pound-to-Dollar rate reached its highest since March on Wednesday but was nearing resistance on the charts and growing vulnerable to a set-back as a range of risks lurked just around the corner for the British currency.
June 10,2020
The Dollar was crumbling on Wednesday after having broken through a technical support level that broke its fall last week and was on route toward its 2020 lows ahead of the June Federal Reserve (Fed) policy update that will dictate the mood in markets into the weekend.
June 10,2020
The Pound-to-Dollar rate was lower and the greenback in comeback mode Tuesday as caution prevailed ahead of the latest Federal Reserve (Fed) policy update that will be decisive in determining whether the raucous recovery in stock markets continues without meaningful setback.
June 9,2020
The Pound-to-Dollar rate notched up its largest gain since March last week but was halted Friday by its 200-day moving-average on Friday and now enters a period of consolidation in a new, higher trading range.
June 7,2020
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