The Pound-to-Dollar rate closed out its largest weekly gain for over a decade on Friday but it's now tipped to ecounter resistance on the charts that could act as a road-block Sterling over the coming days, although investor appetite for risk and demand for the Dollar will be the dominant driver of the exchange rate.
March 29,2020
The Pound-to-Dollar slumped on Friday, unwinding earlier whopping gains, after Prime Minister Boris Johnson said in a surprise announcement that he has tested positive for coronavirus but will continue to lead the country.
March 27,2020
A new record was set today when it was reported 3.2 million Americans applied for unemployment support in the week ending March 21, which was well above the 1.7 million that markets were expecting, a number that amounts to more than 2% of the employed population.
March 26,2020
It's a big day for the Dollar as market attention fixes on the release of weekly jobless claims, which will give a first taste as to just ho the 'corona crisis' will impact the world's largest economy.
March 31,2020
The Dollar was left reeling on Wednesday as the promise of a $2 trillion virus-related aid package for American companies and households stoked global risk appetite and encouraged and unwinding of the great dash for cash that was seen earlier in March, a process that is tipped by some analysts to continue for a while yet.
March 25,2020
The Dollar weakened amid a recovery of risk appetite Tuesday although it could now be facing an outright downturn because the Federal Reserve (Fed) is blocking its path higher and the U.S. epidemic curve is steepening.
March 24,2020
The Dollar was seen trading lower on Monday, March 23 following the announcement of a raft of initiatives by the U.S. Federal Reserve to support the U.S. economy, of which the headline measure was the introduction of an unlimited programme of quantitative easing
March 23,2020
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