The Pound-to-Dollar rate could continue to trade around its Monday level until year-end, new upgraded forecasts from BMO Capital Markets suggest, after parliament appeared to have prevailed in its push to force the Prime Minister into requesting another extension of the Article 50 negotiating window.
September 10,2019
GBP/USD has shown strength in previous week, suggesting possibility of continuation higher.
September 8,2019
The Dollar extended earlier losses Friday after a mixed non-farm payrolls report feuled speculation that economic conditions will soon force the Federal Reserve (Fed) to indulge markets with multiple interest rate cuts, which has further incited a rally in so-called risk assets.
September 6,2019
The GBP/USD exchange rate’s recovery could be in danger of fading after the pair ran into major chart resistance over the course of the past 24 hours.
September 6,2019
The Dollar slumped broadly Thursday after a cocktail of supportive political developments drove a recovery of investor risk appetites that some analysts say will continue pushing the greenback lower but the prospect of renewed weakness in Pound Sterling and Euro rates could stem the decline in the days and weeks ahead.
September 5,2019
The Pound-to-Dollar rate was highly volatile Tuesday, briefly hitting a new two-year low before recovering later in the noon session, as the Brexit saga rolled on in London and the greenback reigned supreme in the first U.S. trading session following a Labor Day weekend that saw new White House tariffs imposed on Chinese goods.
September 4,2019
The Pound is significantly undervalued against the Dollar and the probability of a 'no deal' Brexit is lower than the market appears to believe, according to analysts at Swiss investment banking giant UBS Global Wealth Management, who recently told clients they are buyers of the British currency.
September 2,2019
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