The Pound-Dollar rate ebbed from near three-year highs as another purported deadline loomed in the Brexit process and fresh risks emerged to the market's reassumed notion that a smooth exit from the transition awaits at year-end.
December 18,2020
The Dollar buckled again Thursday after wading knee-deep into losses against all majors in moves that risk making it a global problem currency, sooner or later and once again, as upbeat investor sentiment and Federal Reserve (Fed) policy contribute to rout that has deep-seated economic problems as its foundations.
December 18,2020
Foreign exchange analysts at Scotiabank are warning Pound Sterling risks a decline back below 1.30 as the EU and UK will ultimately fail to reach agreement.
December 17,2020
The Federal Reserve (Fed) gave a broad but temporary lift to a bruised U.S. Dollar on Wednesday when it made what some economists perceived as an almost half-hearted attempt at aiding the world's largest economy in its battle with a third and largest wave of coronavirus infections to date.
December 16,2020
The Dollar was down for the count against all major currencies on Tuesday but within recent ranges, although declines could be fueled over the coming sessions by the Federal Reserve, which could be about to target longer U.S. government bond yields with its quantitative easing programme.
December 15,2020
The foreign exchange options market - which offers closes on the near-term outlook for the British Pound - shows traders have now scaled back expectations for a disruptive 'no deal' scenario to trade talks.
December 14,2020
The Pound-to-Dollar rate faces a testing period of heightened volatility and political theatre as a likely-phoney war plays out in the Brexit trade negotiations, although the latest manoeuvres from the two sides could offer Sterling an attempt at stabilisation on Monday.
December 13,2020
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