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. 

The Pound-to-Dollar exchange rate enters the new week near September highs but in a position of vulnerability as the charts warn of a correction lower and the Brexit trade talks look set to go down to the wire. 

The Pound-to-Dollar exchange rate outlook has been bolstered by an election victory for opposition candidate Joe Biden of the Democratic Party, although elevated stock markets, a looming deadline for a Brexit trade deal and technical resistance on the charts could all stymie the Pound in the days ahead. 

The Pound-to-Dollar exchange rate has been widely tipped for U.S.-election related gains this week but with the European coronavirus shutdown now spreading to the UK, while President Donald Trump closes the gap with his opponent in opinion polls, the risks for Sterling have shifted to the downside.

The Pound-to-Dollar exchange rate unravelled in the final moments of last week but could resist gravity over the coming day given nearby technical support levels, a bullish setup on the charts and seemingly improved odds of a Brexit trade deal, although the Dollar outlook itself is a bit of a wild card. 

The Pound-to-Dollar rate could be set to underperform as an elevated ‘no deal’ Brexit threat encourages investor caution, but absent a clear end of efforts to reach a trade agreement, Sterling may take its lead more from appetite for the Dollar and risk assets than it does the Brexit drama.

The Pound-to-Dollar exchange rate recovered further lost ground last week but is still susceptible to adverse Brexit headlines and could also face downside risks amid fears for the health of President Donald Trump over the coming days.

The Pound has unravelled amid a recovery of the Dollar but could now resist gravity ahead of this week’s update from Brexit negotiators, although the first U.S. election debate and European coronavirus situation could easily pull the rug from under Sterling mid-week.

The Pound-to-Dollar exchange rate rebounded last week but risks unravelling anew in the coming days as the government’s coronavirus response threatens the economic recovery and an EU trade agreement remains elusive, although much also depends on whether stock markets recover their poise. 

The Pound-to-Dollar exchange rate could stabilise at nearby levels in the days ahead after an escalation of  ‘no deal’ Brexit  fears and Sterling’s worst week since March lifted the Dollar Index, although with Brexit again scrawled over the British currency’s wall, further losses may also be likely sooner or later.

"The reversal from the 1.3500-1.3550 resistance, along with our cycle analysis, suggests a broader correction back to test the 1.30 support region should be seen" - Lloyds Bank.

The Pound-to-Dollar rate has broken higher from a narrow August range and is now targeting December's election rally highs amid an unravelling of the U.S. greenback, although lingering Brexit uncertainties, U.S. economic resilience and the oversold nautre of the Dollar could slow Sterling's ascent. 

The Pound-to-Dollar exchange rate signed off with a soft finish to an otherwise strong week on Friday but could see further losses over the coming days, according to a range of analysts who see the greenback correcting higher ahead of an important speech from Federal Reserve ChairmanJerome Powell. 

The Pound-to-Dollar exchange rate capitulated at its highest level since March last week but may be likely to fall further in the coming days as tensions rise between the U.S. and China, key economic reports loom and the charts warn of a correction for both Sterling and the greenback. 

The Pound-to-Dollar rate could consolidate over the coming days after its strongest month since 2009 left Sterling overbought on the charts, and at a point when the transatlantic coronavirus tables could be turning. 

The Pound-to-Dollar exchange rate advanced further amid a continued sell-off in the greenback but that weakness has left some risk currencies over-extended against the U.S. unit while the fundamental backdrop is souring and could prompt a downward correction for Sterling in the coming days. 

The Pound was one of only two majors that ceded ground to a troubled Dollar last week and will remain burdened by domestic headwinds in the coming days, although the response of stock markets to the latest corporate earnings will likely dictate the broad trajectory of Sterling. 

The Pound recovered sharply off June lows against the Dollar last week and a number of analysts say it could have legs to extend its correction higher in the coming days, though appetite for Sterling will be tested by domestic developments multiple times even if global investor risk appetite remains robust. 

The Pound-to-Dollar exchange rate toppled into the weekend after an earlier recovery unravelled from Wednesday on, leaving Sterling clutching for support as the Brexit talks resume and safe-haven demand for the greenback picks up on souring risk appetite among investors.

The Pound underperformed last week while the greenback steadied, leading the Pound-to-Dollar rate to unravel again on the charts in a move that's tipped to extend over the coming days.