The Pound-to-Dollar exchange rate was recovering off two-month lows ahead of the weekend. Still, it could be likely to extend this move further over the coming days as international markets stabilize, and the U.S. Dollar becomes more selective in its appreciation. UK Pound Sees Rebound Sterling was on the rebound Friday amid an evident improvement in investor sentiment … [Read more...] about UK Pound-US Dollar Forecast: U.S. Dollar Appreciation Becomes Selective
Depreciation Flows through EUR/GBP as it Steadies Above 1.1757
The Euro-to-Dollar exchange rate tumbled to a new 2021 low last week before finding its footing on an important Fibonacci retracement level from which it could attempt a recovery over the coming days, as the broader universe of risks assets stabilizes and further Euro depreciation plays out through EUR/GBP. Euro and US Dollar Weekend Prediction Europe's single currency kept a … [Read more...] about Depreciation Flows through EUR/GBP as it Steadies Above 1.1757
Leading Investment Bank Forecast UK Pound-New Zealand Dollar Rate at 2.0 by End of 2021
The New Zealand Dollar is forecasted to weaken modestly in the short-term. At Barclays, foreign exchange analysts predict that the NZD trend will lower over the year because of headwinds faced by the RBNZ and uncertainty on the country's economic recovery. The UK-based global investment bank, on the other hand, expects the British Pound to remain supported. This ensures that … [Read more...] about Leading Investment Bank Forecast UK Pound-New Zealand Dollar Rate at 2.0 by End of 2021
Bank of Canada Overtakes Bank of England as UK Pound-Canadian Dollar Tide Turns
The Canadian Dollar has overthrown the Sterling as the best performing major currency of the year. But with the Bank of Canada’s (BoC) policy set to evolve in a favorable direction sooner than elsewhere, the Loonie is now a leading contender for a sustained period of outperformance. Canadian Dollar Overtakes U.K. Pound Sterling has suffered a setback alongside a softening … [Read more...] about Bank of Canada Overtakes Bank of England as UK Pound-Canadian Dollar Tide Turns
Bank of America Says U.S. Dollar Exceptionalism Will Push Through
The Dollar continues to advance against the Euro, and British Pound, say foreign exchange analysts at Bank of America. Research briefing to clients says that a period of U.S. economic outperformance and linked Dollar "exceptionalism" will not evaporate in the foreseeable future. U.S. Exceptionalism Expected The investment bank says they have been expecting general U.S. … [Read more...] about Bank of America Says U.S. Dollar Exceptionalism Will Push Through