The Pound-to-Dollar rate crashed through a key level on the charts Friday amid broad weakness in the British currency and strong demand for the greenback as the market mood turned sour again ahead of the weekend break.
March 13,2020
The Federal Reserve (Fed) has launched a fourth round of quantitative easing, according to Pantheon Macroeconomics, in the wake of a savage stock market sell-off and a viscious surge in Dollar exchange rates that might now be liable to further unwind as the penny drops in Europe on Friday.
March 13,2020
The Dollar surged at a shock-and-awe-inspiring pace against other currencies on Thursday, subjecting the Pound-to-Dollar rate to its largest one-day decline since the 'flash crash' of October 2016 in the process, amid as risk asset hemorrhaged more capital and investors flocked toward liquidity and perceived safety of the greenback.
March 12,2020
The Dollar is surging higher across the board in a foreign exchange market that is witnessing the kind of volatility that has not been seen in years.
March 12,2020
The Pound was buoyed Thursday by a coordinated effort between government and central bank to support the economy as it braces for a possible coronavirus epidemic, as the Dollar sagged in response to growing market disappointment with Washington and a reduced yield appeal to investors.
March 11,2020
The U.S. Dollar appears to be a notable casualty of the Monday market meltdown, with selling of the greenback aiding a move back above 1.31 in the Pound-to-Dollar exchange rate.
March 9,2020
The Pound-to-Dollar rate is on cusp of a breakout to the upside on the charts after overcoming a key resistance level in the Friday session, which could ultimately see the exchange rate retest its December highs over the coming weeks.
March 8,2020
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