The Dollar has fallen against the Pound, Euro and most other major currencies and analysts say this correction can extend if global bond yields and oil prices fall back further.
October 5,2023
"We maintain a bearish view on the GBP/USD outlook even if the selling looks quite extended on all time frames. If there is a bounce to be seen, this is likely to be short-lived. We reckon the cable could be heading to 1.20 and possibly 1.18 in the weeks ahead."
October 4,2023
King dollar has returned to rule over FX markets. The world’s reserve currency has staged a phenomenal rally in recent months, empowered by the stunning rise in US yields, solid economic fundamentals, safe haven flows, and the absence of any attractive alternatives.
October 3,2023
GBPUSD is closing in on the psychologically significant 1.20 level, but the next notable source of support is to be found in the 1.19s according to one analyst we follow.
October 3,2023
The Dollar advanced at the start of a new month and quarter thanks to some stronger-than-expected U.S. data, a renewed rally in U.S. bonds and comments from a Federal Reserve Governor that reminded markets another rate hike is on the table before the year ends.
October 2,2023
Recovery from oversold conditions can extend, 1.2350 a potential short-term target.
October 2,2023
GBPUSD could be on course to snap a run of weekly losses if the gains made in the wake of the U.S. PCE price index are held.
October 2,2023
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