The British Pound has reached its highest levels in nearly three years on February 09 amidst a bout of U.S. Dollar selling, however foreign exchange strategists at a prominent investment bank say they are sellers of of the exchange rate.
February 9,2021
The new week starts with a resumption of the U.S. Dollar strength that is proving to be an unexpected theme of 2021 that has wrong footed many market participants.
February 8,2021
The U.S. Dollar pared its recent gains against the Euro, Pound and other major currencies following the release of U.S. jobs data that showed the economy added 49K jobs in January.
February 5,2021
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
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