Browsing Tag

GBP

Fed Warns Economy is Far from Normal

Dollar Bounces Higher The dollar index rose by a further 0.22% yesterday as it flirted with the 91 handle, its highest level in over a week. Retail sales for January rose 5.3% on a month-over-month basis versus expectations of 1.1%.…

Will the Fed Revive the Dollar?

Dollar Reprieve, But for How Long? The greenback reversed by 0.28% yesterday, bouncing of the 90 handle. Investors have gained confidence about Biden’s proposal being voted on by the end of the month. However, analysts were quick to…

UK to Publish Roadmap Out of Lockdown

President’s Day Doesn’t Halt Dollar Decline The US index closed 0.10% lower on Monday as it continued its bearish tone. Analysts still back an extended period of weakness for the greenback into 2021, on the back of Fed’s commitment to…

GBPCHF Attempts Triple Top

GBPCHF has seen a choppy price action for the previous quarter, with a failed double top leading prices down to the 1.17 area in the back end of 2020. Since the turn of the new year, the bias has been firmly on the upside as the currency…