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The Dollar Index backed away from a fresh 16-month high in the midweek session after colliding with a major technical resistance level on the charts and as some analysts warned that a short period of profit-taking could now be likely.
November 17,2021
Rising odds of a December interest rate hike at the Bank of England have lifted the Pound to Dollar exchange rate up and away from its recent 2021 lows.
November 15,2021
GBP/USD in short-term relief, but downside risks remain.
November 15,2021
Pound Sterling has reached its lowest levels in eleven months this week, but the prospect of a recovery is building according to a major Wall Street bank.
November 12,2021
"Going forward, there is an argument that a BOE rate hike is actually a policy misstep. We steer clear of the GBP until we have more clarity on that" - OCBC.
November 11,2021
"Those excitedly heading off to the States could lose out on £211 for every £1000 exchanged" - Fair FX.
November 10,2021
The trendline break was a game-changing moment for the pair as it signified the third major trendline break for the uptrend from the March 2020 lows.
November 10,2021
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