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The Pound to Dollar rate has recovered sharply from two-year lows following a favourable turn in UK economic data and a rebound by a heavily sold Chinese Renminbi, which could potentially lift it further this week and may even prompt a test of technical resistance up near 1.2662 on the charts.
May 23,2022
The Pound to Dollar rate has rebounded strongly from two-year lows and spent much of the week consolidating steep earlier losses but multiple resistances now obstruct its path higher on the charts and downside risks remain due to Federal Reserve and Bank of England (BoE) policy differences.
May 23,2022
"One day, a recession will come, but the current evidence points to upside not downside," says Stephen Gallagher, Head of Research for the Americas at Société Générale in New York.
May 18,2022
The Dollar should make a decisive turn lower by Autumn says Morgan Stanley, which would allow Pound Sterling and other major currencies to recover.
May 18,2022
The Pound to Dollar exchange rate has deepened an almost year-long downtrend but could attempt a corrective rebound this week if an easing of coronavirus-related restrictions in Shanghai is welcomed by global markets.
May 16,2022
The Dollar jumped after U.S. inflation figures for April came in stronger than the market was expecting.
May 11,2022
The British Pound could be set for further meaningful weakness if the UK overrides elements of the Northern Ireland Protocol, according to a noted analyst we follow.
May 16,2022
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