The Pound-to-Dollar rate stabilised above an important level of technical support in the mid-week session but its earlier sell-off earlier has left a bearish picture in its wake on the charts, one which renders Sterling vulnerable to fresh losses without a relent from a recently resurgent greenback.
August 18,2021
When the U.S. Dollar is not benefiting from strong U.S. data it is benefiting from safe haven demand when market sentiment sours, creating something of a win-win environment for the global reserve currency.
August 18,2021
The Pound-to-Dollar rate was finding a firmer footing above the recently-tested 1.38 support level on entry into a busy week that could see Sterling’s resilience tested again by the greenback as the Federal Reserve edges closer toward a tapering of its quantitative easing programme.
August 16,2021
For currencies, this could only mean further Dollar strength according to a number of investment bank analysts we follow.
August 13,2021
The Dollar fell following the release of U.S. inflation data that suggested a peak in inflationary pressure might be at hand, thereby taking pressure off the Federal Reserve to begin the process of tightening monetary policy.
August 11,2021
U.S. inflation marks the main calendar focus for foreign exchange markets on Wednesday, with the 13:30 BST release likely to offer up some volatility.
August 11,2021
Dollar demand is intact with no less than three Federal Reserve members having already this week said the time to start reducing the Fed's asset purchase programme is fast approaching.
August 10,2021
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