The Pound rose almost one percent against the Dollar last week and is poised for further gains ahead, according to analysts studying the charts, although election headlines have turned into a headwind and could weigh on the British currency in the days ahead while the Dollar is being tippped to remain on its front foot.
December 1,2019
The Dollar was trading with an upward bias on the Thanksgiving holiday Thursday but is set to advance further upon low-yielding rivals over the coming weeks, according to technical analysis from Swiss private bank Julius Baer, with the negative interest rate currencies right in the greenback's firing line.
November 29,2019
The U.S. Dollar is being forecast to head lower over the course of 2020 by analysts at Union Bancaire Privée, a Swiss private bank.
November 28,2019
The Pound-Dollar rate retreated from an intraday high as the greenback built on already-broad gains Wednesday after Bureau of Ecomic Analysis (BEA) revealed the U.S. economy actually gathered steam in the third-quarter, contrary to popular belief, although there could be more downside ahead for the British currency.
November 28,2019
The Dollar was higher against most rivals Wednesday as investors responded to fresh claims that a U.S.-China trade deal is near, although an economic data deluge will hit the market in the noon hours, potentially weakening the greenback.
November 28,2019
The Pound was scraping along the bottom of the major currency barrel on Tuesday although it further losses could be just around the corner, according to some analysts, because momentum is shifting to the downside on the charts just as election opinion polls are turning from tailwind into a headwind.
November 27,2019
Investment bank Goldman Sachs say they are forecasting a modestly weaker Dollar in 2020, while analysts at HSBC - the UK's largest lender - say the Dollar is likely to remain the currency to own for the foreseeable future.
November 26,2019
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