GBP/USD will probably be drawn well above 1.30 before Christmas provided "solid signs of progress" are being made on Brexit says Viraj Patel, FX strategist at ING Bank.
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What will the Dollar do this week? This will be foremost in the minds of currency market participants following the currency's ongoing push higher that has cast aside all others.
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The Pound-to-Dollar rate fell to fresh lows of 1.2777 on Friday after solid growth data lifted the greenback while Sterling remained on its back foot due to unfavourable Brexit news-flow.
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The Dollar reversed course and turned lower, resuming earlier losses, Friday after a series of poor corporate earnings reports sent U.S. stock markets sharply lower during the final session of the …
Read more … →The Dollar will continue its reign of supremacy over other currencies into year-end, according to analysts at Nordea Capital Markets, although the U.S. currency is seen capitulating to a range of a…
Read more … →The Pound-to-Dollar rate has set a new October low and is on course for more losses over coming days, according to Commerzbank.
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The Dollar advanced Wednesday after shrugging off President Donald Trump's latest attack on the Federal Reserve (Fed), which saw him describe the central bank as the greatest risk facing the U…
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