The Pound doubled over on Friday, suffering heavy losses against the Dollar as stock markets dived further into ‘correction’ territory and a Federal Reserve (Fed) official suggested the bank will not cut interest rates to save investors from further losses.
February 28,2020
The Dollar and Pound were deep in the red Thursday as investors appeared to be pricing-in a global coronavirus crisis that's already walloping stock and commodity markets and which could prompt a further unwinding of recent bullish bets on both currencies.
February 28,2020
The Pound gained on the Dollar in what was a resilient performance from the British currency amid a global flight to safety on Tuesday as markets fixated on the continued spread of coronavirus outside of China including in Europe, and some analysts are suggesting that further gains are possible.
February 26,2020
The Pound has suffered another setback against the Dollar and now the technical outlook is all to play for although some fundamental analysts are suggesting the acrimonious tone of talks between the UK and EU could soon weigh heavier on Sterling.
February 23,2020
Some disappointing data out of the U.S. on Friday put the U.S. Dollar on the back foot against a host of currencies and took the shine off what has been a solid week for the Greenback.
February 21,2020
Pound Sterling came close to doubling over against the Dollar this week but was spared from further imminent declines ahead of Thursday's closing bell, meaning the outlook for the Pound-to-Dollar rate is still all to play for.
February 22,2020
The Pound-to-Dollar rate is at risk of an imminent technical breakdown that could soon take it back to levels not seen since October, as King Dollar continues its reign of supremacy and is tipped for more gains up ahead.
February 20,2020
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