Investor sentiment around the Pound-to-Dollar exchange rate has darkened as a result of recent developments in the Brexit drama, and buyers are no longer stepping into and dips, says Richard Perry, an analyst at FX Broker Hantec Markets.
October 23,2019
The Dollar arrested a week long decline Tuesday as the rally in Sterling and gentle climb of the Euro both petered out, providing the U.S. currency a moment of respite, although the UBS FX desk sees the greenback finding support in the days ahead while TD Securities is tipping a recovery.
October 22,2019
The Pound-to-Dollar rate is said by one strategist at UBS to be the top currency trade among hedge fund clients heading into year-end, with the opening of a new chapter in the Brexit saga as well as improvement in the global risk environment both cited as being behind the view.
October 22,2019
The Pound-to-Dollar exchange rate is trading at 1.2974 at the start of the new week after rising 2.61% in the week before. Studies of the charts suggest the pair is likely to continue higher as the short-term uptrend extends.
October 20,2019
The Dollar was limping toward the weekend Friday as financial markets appeared to go all-in with their bets on another Federal Reserve (Fed) being delivered this month, although some analysts say a clear commitment to a protracted easing cycle is necessary to decisively end the greenback's uptrend.
October 19,2019
The U.S. Dollar is set to stay strong in 2020 for five main reasons, say analysts at Nordea Bank.
October 17,2019
The GBP/USD exchange rate has continued its barnstorming rally higher after the news that UK and EU negotiators have finally agreed a new Brexit deal, but can it clear the key 1.30 hurdle? We look at the evidence.
October 17,2019
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