Foreign exchange strategists at Westpac have issued a trade idea of buying Pound Sterling against the U.S. Dollar in anticipation of further advances.
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Stock markets have all but erased their 2018 gains as the sell-off in equities deepens which is in turn seen bidding up the value of the U.S. Dollar.
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The Dollar is close to topping out and will not reach meaningful new highs, according to analysts at Morgan Stanley, who are telling the bank's clients to begin selling the U.S. currency.
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The Pound-to-Dollar exchange rate is forecast to maintain familiar levels over coming days but ln the case of a downside break - confirmed by a move below 1.2600 - we might expect a follow-through …
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The U.S. Dollar appeared to shrug Wednesday when official data revealed that U.S. inflation pressures remained elevated during October, although recent developments in oil markets mean the outlook …
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From a technical perspective, there is evidence a recent uptrend in GBP/USD may have rotated lower after pulling back down below the 50-day moving average, which is in itself a bearish sign.
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The U.S. Dollar rally extended ahead of the weekend thanks to a better-than-forecast PPI number out of the U.S.
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