The Pound fell and closed below a key support level against the Dollar on Friday in a bearish technical development that could now see it slide back toward October 2019 levels over the coming days.
February 9,2020
The Pound-Dollar rate was probing below a key support level on the charts in the final hours of trading this week and an evening close beneath it would condemn Sterling to more losses in the days ahead.
February 7,2020
The Dollar took a break from its advance on major rivals Friday as investors digested the possible implications of a non-farm payrolls report that saw wage growth surprise on the downside despite the economy creating news jobs at a robust pace in January.
February 7,2020
The Dollar advanced against all major rivals Thursday and could be set for more gains ahead as investors return their attention to the stark disparity between growth in an exceptionalist U.S. economy and that being observed elsewhere in the world.
February 7,2020
The Pound retreated from the Dollar Wednesday as Brexit concerns and U.S. economic exceptionalism weighed on the Pound-to-Dollar rate, although analysts say that Sterling’s upside bias should remain intact.
February 7,2020
The Dollar shared in an apparent recovery of investor risk appetite Tuesday and could now remain stronger for even longer than was previously anticipated as markets await a likely-slow crystalisation of the cornonvirus impact on Chinese and global GDP growth.
February 5,2020
The Pound was the best performing major currency last week and is tipped by technical analysts to advance on the Dollar over the coming days, although fundamental risks include a likely Monday collapse in Chinese stock markets and elevated British bond yields that might be due a correction.
February 2,2020
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