Technicals point to potential for an end to GBP/USD losses while on the fundamental front much will depend on the outcome of the European summit at the end of the week and whether Donald Trump will turn his guns on Europea over the issue of trade.
June 24,2018
"The impulsive reversal from 1.3120 is the kind of price action we are looking for to signal a base developing" - Robin Wilkin, Lloyds Bank.
June 22,2018
The US Dollar rally that has been the dominant theme in currency markets during recent months is now over, according to strategists at Morgan Stanley, and the greenback is set to resume its earlier decline against rivals in the developed and emerging worlds.
June 20,2018
US Dollar bid as China and US escalate tariff tit-for-tat but China will ultimately run out of US goods to tariff. Eyes on 1.30 in GBP/USD but Goldman see fair value lower at 1.26
June 19,2018
The Pound-to-Dollar exchange rate has suffered notable losses over recent weeks and now trades towards the bottom of its 2018 range; but we are told weakness might yet be limited.
June 18,2018
Technicals confirm the Dollar should remain in control of the Pound, but Elliot wave count hints at potential for GBP/USD rebound. Central bank communication forms the fundamental focus for both currencies.
June 17,2018
The US Dollar edged lower during the morning session Friday as financial markets wait with baited breath for the White House to unveil its latest trade tariffs against China, fearing a seemingly-inevitable retaliation and falling apart of the climate of detente that has been fostered between the world's two largest economies in recent weeks.
June 15,2018
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