The Dollar was riding high in a risk-averse market Thursday after the Federal Reserve (Fed) signalled a steady 1.75% cash rate for the foreseeable future and as investors eschewed so-called risk assets in response to the continued spread of the coronavirus from China. 

January 30,2020

The Pound was clinging to an important level of support against the Dollar early on Thursday although the upside bias in the exchange rate risks coming undone in the absence of a boost from the Bank of England (BoE), which is set to annonce the eargerly-awaited January interest rate decision at noon.

January 30,2020

The Dollar was riding high Tuesday after being aided by stronger-than-expected economic data and risks posed to the global economy by a rapidly spreading coronavirus, in spite of calls from President Donald Trump for the Federal Reserve (Fed) to cut its interest rate again on Wednesday. 

January 29,2020

The Pound underperformed major rivals Tuesday in a market that was still blighted on by unease over the spread of China's new coronavirus, although losses have now got the Pound-to-Dollar rate threatening a break below key support levels on the charts, which would risk further downside over subsequent days. 

January 28,2020

The Pound closed the Friday session having become the second best performing major currency of the week although there could be further gains in store for the coming days if studies of the charts and the market's evolving view on the Bank of England (BoE) outlook are anything to go by.

January 26,2020

The Pound-to-Dollar rate continued a month-long consolidation early Friday from which it could eventually break to either the up or downside, although some strategists say that even in the event of a resolution higher, Sterling lacks the horsepower for another big rally. 

January 25,2020