Those seeking a better exchange rate for buying Dollars with their Pounds will be happy to see the Pound strengthening ahead of the weekend.
The British Pound fell against the Euro, Dollar and other major currencies on Tuesday, June 20 following the release of a speech by Governor of the Bank of England Mark Carney.
Sterling rallied on Monday morning on the day of the start of Brexit talks.
The Pound to Dollar rate looks like it is positioning for a move higher again as US data is expected to continue deteriorating in the coming week.
There is still life in the Dollar yet, says Nordea's Head of FX Martin Enlund.
UK Retail Sales, out this morning will show the state of high street spending and provide and insight into the UK economy
The Pound sold off against the Dollar on Wednesday after the Federal Reserve stuck to their tightening agenda.
The Federal Reserve will raise interest rates by 0.25% at tomorrow’s meeting, but it will be a cautious, understated raise, unaccompanied by fanfare or occasion, according to most analysts.
GBP/USD sold off heavily following the election result, tumbling to lows of 1.2637 before recovering to end the week at 1.2745.
Whatever the end result in Thursday’s general election the economy won’t change, only the personnel running the country.
One important theme of the electron has been the so-called ‘revenge’ vote of resentful Remainers.
The Pound to Dollar sank following exit polls showing a leaderless country.
The US Dollar has pulled back substantially since the start of 2017 as promises failed to materialize but robust fundamentals suggest a rebound could be on the cards.
The Pound has proved remarkably resilient in the face of Brexit uncertainties as the strengthening economy has helped offset fears about Europe, is this set to continue?
With a huge strain on the Pound coming from Labour’s recovery in the polls the outlook tentatively favours the Dollar, especially at the beginning of the week.
The Pound to Dollar exchange rate was rallying up quite strongly until it hit a ceiling at the 1.30 level and started to reverse, rapidly lower.
GBP/USD fell sharply from its 1.30 highs on Friday to 1.28 and it appears to be weakening across the board following renewed Brexit concerns.
We have to assume a push higher is still possible despite the emergence of potential topping patterns, however, we would ideally seek a break above the 1.3050 highs for confirmation first.
Pound Sterling has seen a dramatic reversal shape up against a resurgent US Dollar in late trade on Thursday, May 18.
GBP/USD rose to within a hair's breadth of the psychologically significant 1.3000 level before rolling over last week and given price action so far, this may be the precursor to a deeper sell off in the coming week.
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