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
The Pound-to-Dollar rate is consolidating on the charts but it retains an upside bias and could still go on to test December's highs over the coming weeks, according to technical analysis from Commerzbank, although the British currency will need to achieve a daily close above 1.3102 in order to do so.
February 18,2020
The Pound-to-Dollar rate rose sharply last week and the charts are suggesting that further gains could be in the pipeline, although a raft of important economic figures will test the market's appetite for the British curency over the coming days.
February 16,2020
The Pound retreated from a softer Dollar on Friday and although much about the outlook still depends on developments in Westminster and elsewhere, the charts are suggesting a renewed march to the upside could be in the pipeline for next week.
February 14,2020
The U.S. Dollar outlook was burnished on Thursday official data that showed inflation rising at its fastest pace since October 2018 and which could now make further interest rate cuts from the Federal Reserve (Fed) an even more distant prospect for the year ahead.
February 13,2020
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