The British Pound hit a new 34-month high against the Dollar on Tuesday amidst strong global investor appetite, leaving investors to focus on the key psychologically and technically significant 1.40 level as a potential next target.
February 16,2021
Pound Sterling extended its 2021 lead over a range of currencies including the Dollar last week but could continue to confound market expectations over the coming days as the greenback, in its role as the taxi cab of the foreign exchange market, drives the British currency toward 1.40 and above.
February 15,2021
Foreign exchange analysts at HSBC have updated clients with their forecasts for the U.S. Dollar, saying they see some weakness ahead for the Greenback but that the downside should be limited.
February 11,2021
The Pound is in focus as it tests new 33-month highs against the Dollar. Analyst Fawad Razaqzada at ThinkMarkets says a zig-zag up to 1.40 now looks possible.
February 10,2021
The GBP/USD exchange rate has hit a new multi-week high in mid-week trade having reached 1.3856, and the gains can continue short-term say analysts.
February 10,2021
The British Pound has reached its highest levels in nearly three years on February 09 amidst a bout of U.S. Dollar selling, however foreign exchange strategists at a prominent investment bank say they are sellers of of the exchange rate.
February 9,2021
The new week starts with a resumption of the U.S. Dollar strength that is proving to be an unexpected theme of 2021 that has wrong footed many market participants.
February 8,2021
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