The Pound retreated from a softer Dollar on Friday and although much about the outlook still depends on developments in Westminster and elsewhere, the charts are suggesting a renewed march to the upside could be in the pipeline for next week.
February 14,2020
The U.S. Dollar outlook was burnished on Thursday official data that showed inflation rising at its fastest pace since October 2018 and which could now make further interest rate cuts from the Federal Reserve (Fed) an even more distant prospect for the year ahead.
February 13,2020
The Dollar climbed to new highs Wednesday after capitalising on what was dour day for some European rivals but the otherwise rosy outlook for the greenback is increasingly at risk of a political upset as the Democratic Party primary election process gets going in earnest.
February 12,2020
The U.S. Dollar is likely to appreciate further as U.S. economic outperformance is enhanced by a global slowdown in the wake of the coronavirus outbreak while a positive technical setup on the Dollar index chart advocates for further advances.
February 11,2020
The Pound has reclaimed a key level against the Dollar but gains could prove to be short-lived because the technical picture remains bearish on the charts and forecast downgrades could be just around the corner.
February 11,2020
The Pound fell and closed below a key support level against the Dollar on Friday in a bearish technical development that could now see it slide back toward October 2019 levels over the coming days.
February 9,2020
The Pound-Dollar rate was probing below a key support level on the charts in the final hours of trading this week and an evening close beneath it would condemn Sterling to more losses in the days ahead.
February 7,2020
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