Week Ahead Pound-to-Dollar Exchange Rate

The Pound bounced tepidly last week but signals from the charts remain bearish while the political pressure cooker that otherwise stains the outlook has gone into overdrive and could prompt another move lower in the coming days.

The Pound-to-Dollar rate beat a hasty retreat last week that took it over the edge of a technical precipice in time for the Friday close, setting the British currency up for even further losses in the weeks ahead, although the scale of last week's decline and a nearby support level could see Sterling attempt to stabilise in the coming days.

The Pound-Dollar rate recovered its footing enough to stabilise ahead of the weekend but it faces immediate obstacles on the charts and a number of downside risks in the week ahead, while increasing numbers of analysts are tipping it as a sell.

The Pound-to-Dollar rate came undone ahead of the Friday close and failed in its sixth weekly attempt to overcome a stubborn technical resistance level on the charts, leaving at risk of further declines over the coming days although the downside could be magnified if stock markets continue to fall. 

The Pound-Dollar rate slumped almost a full percent last week alongside other risk assets although an attempted recovery could have legs to extend further over the coming days, technical analysts say, but downside risks still abound from both a technical as well as fundamental perspective beyond the very short-term. 

The Pound-Dollar rate was little changed last week despite a marked improvement in risk appetite among investors and is increasingly road-blocked to the upside by technical impediments on the charts, at a point when analysts looking for a bounce-back by the U.S. Dollar.

The Pound-to-Dollar rate rose nearly one and a half percent last week amid a broad improvement in investor risk appetite although it's now closing in on tough technical resistance on the charts, which leaves it especially vulnerable to a deterioration in market sentiment. 

The Pound-Dollar rate handed back some of its earlier gains last week but is in a good position to recover lost ground in the coming days, with the 200-day moving average near 1.2660 said to be a possibility, although risk appetite will be key to the trajectory of the exchange rate this week. 

The Pound-to-Dollar rate closed out its largest weekly gain for over a decade on Friday but it's now tipped to ecounter resistance on the charts that could act as a road-block Sterling over the coming days, although investor appetite for risk and demand for the Dollar will be the dominant driver of the exchange rate. 

The Pound-to-Dollar rate closed out its worst week since the financial crisis on Friday as financial markets continued to hemorrhage capital, although the charts are still tipping the exchange rate lower while few if any fundamental analysts see the Dollar weakening any time soon,

The Pound-to-Dollar rate closed its worst week since the Brexit referendum Friday after suffering a near-6% loss but it faces a pickup in volatility as national 'epidemic curves' rise and fall in the week ahead and ultimately, the risk of further steep declines as the UK epidemic gathers pace. 

The Pound-to-Dollar rate is on cusp of a breakout to the upside on the charts after overcoming a key resistance level in the Friday session, which could ultimately see the exchange rate retest its December highs over the coming weeks.

The Pound-to-Dollar rate came under mounting pressure heading into the weekend and has now broken a multi-month uptrend on the charts, creating a bearish technical picture on the charts just as the evolving coronavirus not-pandemic threatens to weigh disproportionately on Sterling. 

The Pound has suffered another setback against the Dollar and now the technical outlook is all to play for although some fundamental analysts are suggesting the acrimonious tone of talks between the UK and EU could soon weigh heavier on Sterling. 

The Pound-to-Dollar rate rose sharply last week and the charts are suggesting that further gains could be in the pipeline, although a raft of important economic figures will test the market's appetite for the British curency over the coming days.

The Pound fell and closed below a key support level against the Dollar on Friday in a bearish technical development that could now see it slide back toward October 2019 levels over the coming days.

The Pound was the best performing major currency last week and is tipped by technical analysts to advance on the Dollar over the coming days, although fundamental risks include a likely Monday collapse in Chinese stock markets and elevated British bond yields that might be due a correction. 

The Pound closed the Friday session having become the second best performing major currency of the week although there could be further gains in store for the coming days if studies of the charts and the market's evolving view on the Bank of England (BoE) outlook are anything to go by.

The Pound ceded ground to the Dollar and underperformed all major rivals of late although the charts are flagging more downside potential ahead of jobs and PMI data due out this week, which will be key to the outlook for Sterling.

The Pound made good time out of the starting block last week but was lower against the mighty Dollar by the close on Friday, although it's now near to a key support level on the charts and will driven mostly in the coming days by economic data from both sides of the Atlantic.