Exchagne rates

The Pound breaks through a key technical support level on news of cross-party talks failure, a move which bodes for further declines.

May 17,2019

The Pound was languishing close to the bottom of the G10 league table on Thursday after failing to capitalise on a weakening Dollar, given escalating concerns about the likely path the UK will take out of the European Union.

May 16,2019

Pound sterling trade

Pound Sterling is engaged in a significant technical battle against the Dollar in mid-week trade with the objective for both 'bulls' and 'bears' being the 1.29 level.

May 15,2019

The Pound-to-Dollar rate will be slower to recover its post-referendum loss given a protracted period of infighting in Westminster and a greenback that's proving more resilient than previously thought, but a recovery is still in the pipeline for Sterling, Morgan Stanley says.

May 14,2019

The Pound-to-Dollar rate is facing a plethora of downside risks coming from at home and overseas, as President Donald Trump embarks on a second major offensive in the so-called trade war with China and the UK government is said to be under pressure to terminate the cross-party Brexit talks.

May 13,2019

The Pound-to-Dollar rate is set to begin trading around 1.3000 on Sunday after closing more than one percent lower last week, although studies of the charts suggest the outlook for the exchange rate has turned neutral of late.

May 12,2019

The Dollar was softer in the final session of the week but with President Donald Trump appearing to be on the war path, analyst calls for continued short-term weakness have been conspicuously absent heading into the weekend. 

May 10,2019

Page 206 of 377

Theme: GKNEWS