Sterling remains elevated against the US Dollar as we enter the new trading week, with a spot price still above the 1.40 psychological 'high water mark' level.
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The Dollar pared earlier gains during the noon session in London Friday after data showed the US economy adding new jobs at less than half the pace economists had expected for the March month.
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The British Pound is looking well supported against the Dollar for now, but should represent a selling opportunity as fundamental niggles re-emerge over coming weeks.
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The Dollar extended earlier losses against a basket of comparable rivals during noon trading in London Wednesday as markets responded to a deeper than expected fall in the ISM services index, which…
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The Dollar has risen 4.4% versus the Swiss Franc since mid-February and is continuing to rally despite increasing trade war fears which would normally be expected to support the safe-haven Franc.
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The Pound-to-Dollar rate was rising quite steadily until it hit a glass-ceiling at the level of the 200-week moving average (MA) which it is struggling to break above.
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The US Dollar could be bottoming against the Swiss Franc, and this combined with a growing interest rate advantage from owning USD is providing a golden investment opportunity say Julius Baer. …
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