In a contrast to the general view that the Dollar is going to continue rising and that the Pound is doomed, Nordea Markets' Aurelijia Augulyte is retaining a bullish GBP/USD stance.
Read more … →
It is not a good sign when a currency stops rising on good news but that appears to be what happened to the Dollar at the end of last week.
Read more … →
GBP/USD continues exerting pressure on 1.2415 where both the 50-day moving average and the monthly pivot are situated and provide a tough barrier of support limiting further declines.
Read more … →The US Dollar rose strongly on the back of good inflation and retail sales data from the United States in mid-week trade, only to give the gains back.
Read more … →
Our technical bias on the GBP/USD has been reinforced following the release of CPI inflation data out of the United States in the mid-week session.
Read more … →
The Pound to Dollar exchange rate will be eyeing events in the United States today as the economic calendar hots up.
Read more … →
The recovery in the dollar has stalled as markets look towards Janet Yellen’s key testimony to Congress over the next couple of days.
Read more … →