Foreign exchange analysts at UBP say the strength of a potential British Pound rally following the UK election result could surprise markets, and lead to the currency overshooting current market forecasts.
December 10,2019
Foreign exchange strategists at Bank of America Global Research have confirmed they remains positioned for a further recovery in the Pound against the U.S. Dollar, describing the stance as one of their "best contrarian G10 FX trades" for the foreseeable future.
December 9,2019
The Pound hit repeated new multi-month highs against the Dollar in recent days after cracking a tough level of resistance on the charts although Thursday's general election is now looming over the British currency and even technical analysts are warning of a possible retreat in the Pound-Dollar rate.
December 8,2019
Sterling ascended to the top of the major currency league table again Thursday amid further suggestions that Prime Minister Boris Johnson maintains a comfortable polling lead ahead of next week's election although analysts at Commerzbank are tipping "failure" for the Pound-Dollar rate near to current levels.
December 6,2019
The Dollar extended earlier losses Wednesday after fears for the U.S.-China trade talks were quelled by reported claims of progress from White House negotiators, although some analysts are warning of volatility ahead because fresh trade headlines could emerge at any moment.
December 4,2019
The Dollar slumped against almost all rivals Tuesday as markets expressed disapproval of White House rhetoric on the U.S.-China trade talks and a U.S. decision to hit French exports with new tariffs, which has enabled the Pound-to-Dollar rate to again test a key resistance level on the charts.
December 3,2019
The Dollar was seen falling on headlines out on December 01 that the U.S. would proceed with implementing tariffs on China if no 'phase 1' deal had been reached by December 15.
December 2,2019
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