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The Pound-Dollar rate handed back some of its earlier gains last week but is in a good position to recover lost ground in the coming days, with the 200-day moving average near 1.2660 said to be a possibility, although risk appetite will be key to the trajectory of the exchange rate this week.
April 5,2020
U.S. labour market data came in at a level far worse than market participants had been expecting, but this in itself should come as no surprise given the gravity and unprecedented nature of the current economic crisis.
April 3,2020
The Dollar is the best-performing major currency of the past month thanks to a deteriorating global economic outlook linked to ongoing lockdowns aimed at preventing the spread of the coronavirus, and until a convincing medical solution to the outbreak is found further gains are likely.
April 3,2020
The Pound-to-Dollar rate was nearing the end of a 'dead cat bounce' Tuesday as momentum ebbed from the market, leaving Sterling vulnerable to a return to the 1985 lows seen earlier in March.
March 31,2020
"The unfolding global contraction is poised to supplant the Great Financial Crisis (GFC) as the new benchmark for extreme economic disruption – the current collapse in economic activity is much deeper" - JP Morgan.
March 31,2020
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
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