The Pound-to-Dollar rate came undone ahead of the Friday close and failed in its sixth weekly attempt to overcome a stubborn technical resistance level on the charts, leaving at risk of further declines over the coming days although the downside could be magnified if stock markets continue to fall. 

May 3,2020

The Pound-Dollar rate was reaching for the stars late Thursday after the Federal Reserve (Fed) announced the surprise expansion of its Main Street Lending Programme and technical analysts say it might have scope to rise further in the short-term, although many are also warning of fresh losses from May onward.

May 1,2020

The Dollar was attempting to stabilise on Thursday after suffering broad losses overnight in response to the latest Federal Reserve (Fed) policy statement and clinical trials figures for Gilead Sciences' remdisivir, although its trajectory into month-end could now be at the discretion of the European Central Bank (ECB)

April 30,2020

The Pound-Dollar rate underperformed on Wednesday even as the greenback itself doubled over ahead of the release of first-quarter GDP data and the latest Federal Reserve (Fed) policy update, and some analysts tip the exchange rate to remain roadblocked by the 1.25 level for a while to come.

April 29,2020

The Pound-Dollar rate was in recovery mode on Tuesday and could have scope to rise further in the short-term, some analysts say, although fundamental risks are building for the British currency and some forecasters have warned that the conditions are not yet in place for a sustained Dollar depreciation.

April 28,2020

The Pound-Dollar rate slumped almost a full percent last week alongside other risk assets although an attempted recovery could have legs to extend further over the coming days, technical analysts say, but downside risks still abound from both a technical as well as fundamental perspective beyond the very short-term. 

April 26,2020