Alvin Tan, a foreign exchange strategist with Société Générale has given clues as to where the ongoing rout of the Pound by the U.S. Dollar might end.
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The EUR/USD pair has fallen due to weaker Eurozone growth and rising US interest rate expectations.
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GBP/USD has fallen beneath the psychological 1.40 level as UK and US interest rates diverge.
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The US Dollar remained on the front foot into the final session of the week, rising against almost all of its developed world rivals, as traders to positioned for the latest US GDP data that is due…
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Dollar bulls were lauhged at in late 2017/early 2018 but vindiciation is sweet after the last particularly strong rally.
Read more … →The US Dollar rose across the board Wednesday for a third consecutive session as Amrerican bond yields reached another post-crisis high although, according to some strategists, the writing is alrea…
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The Pound-to-Dollar rate will be among the chief casualties if the current US Dollar rally gathers pace, according to strategists at Societe Generale, as a bearish technical picture combines with a…
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