Pound vs. Dollar in 2020

Foreign exchange strategists at Bank of America Global Research have confirmed they remains positioned for a further recovery in the Pound against the U.S. Dollar, describing the stance as one of their "best contrarian G10 FX trades" for the foreseeable future.

December 9,2019

The Pound hit repeated new multi-month highs against the Dollar in recent days after cracking a tough level of resistance on the charts although Thursday's general election is now looming over the British currency and even technical analysts are warning of a possible retreat in the Pound-Dollar rate.

December 8,2019

Sterling ascended to the top of the major currency league table again Thursday amid further suggestions that Prime Minister Boris Johnson maintains a comfortable polling lead ahead of next week's election although analysts at Commerzbank are tipping "failure" for the Pound-Dollar rate near to current levels. 

December 6,2019

The Dollar extended earlier losses Wednesday after fears for the U.S.-China trade talks were quelled by reported claims of progress from White House negotiators, although some analysts are warning of volatility ahead because fresh trade headlines could emerge at any moment. 

December 4,2019

The Dollar slumped against almost all rivals Tuesday as markets expressed disapproval of White House rhetoric on the U.S.-China trade talks and a U.S. decision to hit French exports with new tariffs, which has enabled the Pound-to-Dollar rate to again test a key resistance level on the charts. 

December 3,2019

Wilbur Ross

The Dollar was seen falling on headlines out on December 01 that the U.S. would proceed with implementing tariffs on China if no 'phase 1' deal had been reached by December 15.

December 2,2019

The Pound rose almost one percent against the Dollar last week and is poised for further gains ahead, according to analysts studying the charts, although election headlines have turned into a headwind and could weigh on the British currency in the days ahead while the Dollar is being tippped to remain on its front foot. 

December 1,2019

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