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The Pound-Dollar rate slumped almost a full percent last week alongside other risk assets although an attempted recovery could have legs to extend further over the coming days, technical analysts say, but downside risks still abound from both a technical as well as fundamental perspective beyond the very short-term.
April 26,2020
The Dollar cooled its heels on Thursday following a hat-trick of gains and as investors chased stock markets, commodities and riskier currencies higher but that rally is on borrowed time already, according to strategists at BofA Global Research, and could give way to a resurgent greenback before long.
April 23,2020
The Pound-Dollar rate was in recovery mode on Wednesday after a soft start to the new week and as risk assets stabilised in the wake of an oil-inspired sell-off, but the upward correction might unravel if Brent crude oil futures prices go the same way as their North American counterparts in the coming days.
April 22,2020
The Pound-Dollar rate was little changed last week despite a marked improvement in risk appetite among investors and is increasingly road-blocked to the upside by technical impediments on the charts, at a point when analysts looking for a bounce-back by the U.S. Dollar.
April 19,2020
The Dollar was set to end the week with a whimper on Friday after being undermined by a recovery of risk appetite in the North American session but forecasters are tipping the U.S. unit for a recovery over the coming weeks, which could mean there's trouble ahead for the Pound-Dollar rate.
April 19,2020
Boost for Investor Sentiment on Covid-19 Treatment Progress and Release of Roadmap to Getting U.S. Economy Back up
April 17,2020
The Dollar built on earlier gains over all rivals Wednesday after official statistics revealed a historic slump in U.S. retail sales for last month and a further record decline of manufacturing activity in the empire state of New York, bolstering demand for safe-havens as investors contemplate the implications for the global economy.
April 15,2020
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