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The Dollar Index built further on its 2021 gain this Wednesday amid what could soon be cast as a 'dead cat bounce' for the broad barometer of the U.S. currency, following a 2020 decline that has stoked tensions among central banks and risks making a battlefield out of foreign exchange markets in some parts.
February 3,2021
The Pound-to-Dollar rate fell amid a widespread rebound in U.S. exchange rates on Tuesday, although upgraded forecasts from ING suggest substantial further upside ahead later in 2021 as its post-referendum undervaluation fades, which is seen lifting GBP/USD back above 1.50 before year-end.
February 2,2021
Pound Sterling can crack the glass ceiling preventing it from striking new multi-month highs against the Dollar, according to analysts at investment bank MUFG.
February 2,2021
The Pound-to-Dollar rate lifted Sterling into first place among major currencies for 2021 last week but in the absence of an upset from the Bank of England (BoE) this Thursday, it could remain an outperformer as the UK's vaccine success promotes resilience against any further resurgence of the greenback.
January 31,2021
GBP/USD fell back ahead of the weekend, retreating to 1.3685 amidst a broader bid for the U.S. Dollar that analysts say is linked to a fall in global stock markets.
January 29,2021
The Dollar retreated as stock markets and commodity prices attempted to recover some of the substantial ground lost over the past 24 hours, moves aided by some solid U.S. economic numbers.
January 28,2021
The Dollar has strengthened over the course of the past 24 hours in the wake of the Federal Reserve policy meeting, although the prime driver of the move appears to be a sharp decline in markets.
January 28,2021
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Horizon Currency's dealing desk is here to answer any questions you have about the market.
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