Economy

The Pound-to-Euro exchange rate reached a new two-year high last week. It will likely establish a more durable foothold above 1.17 over the coming days as a divergence between the UK and Eurozone economies remain top of mind among investors. UK Pound Ends Higher Against Counterparts Sterling ended the week higher against all major counterparts except the U.S. Dollar and … [Read more...] about Economic Divergence Keeps New Highs in the Market as UK Pound-Euro Forecast Revealed

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

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

The Australian Dollar backed away from the edge of a precipice on Friday amid an evident improvement in investor sentiment, which turned GBP/AUD away from its year-to-date high set earlier this week. Australian Dollars were bought widely alongside commodities and other risk assets, taking AUD/USD back above 0.7600 as well as its 100-day moving average at 0.7616, a key … [Read more...] about Australian Dollar Back from the Brink as GBP/AUD Struggles

The British Pound caught a bid against the Euro, Dollar, and other major currencies ahead of the weekend in a move that defied softer stock markets and concerns for future supplies of COVID-19 vaccines into the UK. The Pound saw an especially sizeable advance against the Euro on Thursday of three-quarters of a percent, as it recorded a high of 1.1674 and extended the gains … [Read more...] about UK Pound Got Massive Jump Against the Euro