The next one to two weeks will prove critical in determining whether the Pound-Dollar exchange rate is able to break into the next phase of its uptrend, according to a new analysis of the market's technical setup.
December 1,2020
The Pound-to-Dollar exchange rate had its wings clipped last week after investors were spooked by rhetoric from Brexit negotiators but it could join the Euro and other currencies in clocking multi-year highs over the coming days as the two sides edge toward an agreement.
December 1,2020
The Dollar squeezed higher Thursday after the Federal Reserve (Fed) failed to settle a debate over its next policy steps and as European currencies came off the boil, but minutes of November's meeting hinted the bank could be about to target long-term bond yields, which may help keep the greenback on a glide path lower.
November 26,2020
The Pound-to-Dollar exchange rate has advanced back toward September highs as expectations of a trade agreement with the EU solidify but the post-Brexit outlook for Sterling is still something that divides opinion in the market.
November 25,2020
The Pound-to-Dollar exchange rate rallied again last week but failed for a second time to overcome a key technical obstacle on the charts and could be in for a setback this week in response to the creeping prolongation of lockdown restrictions in the UK and elsewhere, which are seen offering support to the greenback.
November 22,2020
The Dollar steadied Friday as safe-haven and Euro satellite currencies softened amid concerns over the EU's budget, depriving them from participation in a rally among risk assets as a spat between the Federal Reserve (Fed) and Treasury loomed large over the U.S. economy.
November 20,2020
The Lira outlook has improved since the Central Bank of the Republic of Turkey (CBRT) raised interest rates this week, leading Commerzbank to scrap forecasts for further punishing declines in the coming weeks, with the Turkish currency now expected to consolidate near to current levels into year-end.
November 20,2020
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