The Pound is already plumbing the bottom of the major currency barrel for 2020 but it has further to fall against the Dollar in the weeks ahead, according to multiple analysts, who all say the British currency is unprepare for an interest rate cut that could come as soon as the end of this month.
January 14,2020
The Pound made good time out of the starting block last week but was lower against the mighty Dollar by the close on Friday, although it's now near to a key support level on the charts and will driven mostly in the coming days by economic data from both sides of the Atlantic.
January 13,2020
The Dollar was 'left in the lurch' on Friday by December jobs figures that missed analyst expectations, prompting questions about the outlook for the U.S. economy and taking some of the shine off what is still the joint-highest yielding major currency.
January 12,2020
The Pound underperformed most major rivals in the noon session Thursday after Bank of England (BoE) Mark Carney shocked markets by telling a conference in London the BoE is still contemplating cutting interest rates, although BMO Capital Markets says the resulting falls are a buying opportunity.
January 10,2020
The Dollar cleared the currency market board of all opposition late on Tuesday after an influential Institute of Supply Management (ISM) survey pointed toward an uptick in U.S. services sector output at year-end, easing fears of an imminent slowdown in the world's largest economy.
January 7,2020
The Pound-to-Dollar exchange rate looks intent on carving out a new range for itself above the psychological 1.30 level, according to insights from technical analysts at JP Morgan and Lloyds Bank.
January 7,2020
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